Latest news with #Winter25
South Wales Argus
4 days ago
- Business
- South Wales Argus
Burberry ‘encouraged' by turnaround progress amid job cuts
The London fashion house revealed that retail revenues fell by 6% to £433 million for the 13 weeks to June 28, compared with a year earlier, amid a drag from currency rates. However, it reflected a slowdown in the group's sales decline amid efforts to turn around its fortunes after coming under pressure from weaker luxury spending. Last November, the group launched a £40 million cost-cutting programme after first sinking to a loss. Naomi Campbell walked the Burberry Autumn/Winter 25 runway at London Fashion Week (Jordan Pettitt/PA) In May, the company announced proposals to cut about 1,700 jobs worldwide over the next two years as part of the shake-up. In its fresh update, Burberry said it has made some progress in its transformation efforts but is still in the 'early stages' of the potential turnaround. The company said: 'In the first half, we are continuing to prioritise investment and expect to see the impact of our initiatives build as the year progresses.' It pointed towards efforts to simplify its operations and improve productivity in a bid to improve profit margins. In the latest quarter, Burberry said there were improvements across its main regions, amid strong sales of 'outerwear and scarves'. Comparable retail sales grew by 1% in Europe, the Middle East, India and Africa (EMEIA) as positive local spending helped to offset declines among tourists. Meanwhile, its Americas business reported growth of 4% for the quarter. However, it said sales in Greater China fell 5% for the quarter, while its Asia Pacific division saw a drop of 4%, driven by a 'challenging performance in Japan'. Joshua Schulman, chief executive of Burberry, said: 'The improvement in our first quarter comparable sales, strength in our core categories, and uptick in brand desirability gives us conviction in the path ahead. 'Our autumn 2025 collection is being well received by a broad range of luxury customers as it arrives in stores. 'Although the external environment remains challenging and we are still in the early stages of our transformation, we are encouraged by the initial progress we are starting to see.'
The Herald Scotland
4 days ago
- Business
- The Herald Scotland
Burberry ‘encouraged' by turnaround progress amid job cuts
However, it reflected a slowdown in the group's sales decline amid efforts to turn around its fortunes after coming under pressure from weaker luxury spending. Last November, the group launched a £40 million cost-cutting programme after first sinking to a loss. Naomi Campbell walked the Burberry Autumn/Winter 25 runway at London Fashion Week (Jordan Pettitt/PA) In May, the company announced proposals to cut about 1,700 jobs worldwide over the next two years as part of the shake-up. In its fresh update, Burberry said it has made some progress in its transformation efforts but is still in the 'early stages' of the potential turnaround. The company said: 'In the first half, we are continuing to prioritise investment and expect to see the impact of our initiatives build as the year progresses.' It pointed towards efforts to simplify its operations and improve productivity in a bid to improve profit margins. In the latest quarter, Burberry said there were improvements across its main regions, amid strong sales of 'outerwear and scarves'. Comparable retail sales grew by 1% in Europe, the Middle East, India and Africa (EMEIA) as positive local spending helped to offset declines among tourists. Meanwhile, its Americas business reported growth of 4% for the quarter. However, it said sales in Greater China fell 5% for the quarter, while its Asia Pacific division saw a drop of 4%, driven by a 'challenging performance in Japan'. Joshua Schulman, chief executive of Burberry, said: 'The improvement in our first quarter comparable sales, strength in our core categories, and uptick in brand desirability gives us conviction in the path ahead. 'Our autumn 2025 collection is being well received by a broad range of luxury customers as it arrives in stores. 'Although the external environment remains challenging and we are still in the early stages of our transformation, we are encouraged by the initial progress we are starting to see.'
Glasgow Times
4 days ago
- Business
- Glasgow Times
Burberry ‘encouraged' by turnaround progress amid job cuts
The London fashion house revealed that retail revenues fell by 6% to £433 million for the 13 weeks to June 28, compared with a year earlier, amid a drag from currency rates. However, it reflected a slowdown in the group's sales decline amid efforts to turn around its fortunes after coming under pressure from weaker luxury spending. Last November, the group launched a £40 million cost-cutting programme after first sinking to a loss. Naomi Campbell walked the Burberry Autumn/Winter 25 runway at London Fashion Week (Jordan Pettitt/PA) In May, the company announced proposals to cut about 1,700 jobs worldwide over the next two years as part of the shake-up. In its fresh update, Burberry said it has made some progress in its transformation efforts but is still in the 'early stages' of the potential turnaround. The company said: 'In the first half, we are continuing to prioritise investment and expect to see the impact of our initiatives build as the year progresses.' It pointed towards efforts to simplify its operations and improve productivity in a bid to improve profit margins. In the latest quarter, Burberry said there were improvements across its main regions, amid strong sales of 'outerwear and scarves'. Comparable retail sales grew by 1% in Europe, the Middle East, India and Africa (EMEIA) as positive local spending helped to offset declines among tourists. Meanwhile, its Americas business reported growth of 4% for the quarter. However, it said sales in Greater China fell 5% for the quarter, while its Asia Pacific division saw a drop of 4%, driven by a 'challenging performance in Japan'. Joshua Schulman, chief executive of Burberry, said: 'The improvement in our first quarter comparable sales, strength in our core categories, and uptick in brand desirability gives us conviction in the path ahead. 'Our autumn 2025 collection is being well received by a broad range of luxury customers as it arrives in stores. 'Although the external environment remains challenging and we are still in the early stages of our transformation, we are encouraged by the initial progress we are starting to see.'
Western Telegraph
4 days ago
- Business
- Western Telegraph
Burberry ‘encouraged' by turnaround progress amid job cuts
The London fashion house revealed that retail revenues fell by 6% to £433 million for the 13 weeks to June 28, compared with a year earlier, amid a drag from currency rates. However, it reflected a slowdown in the group's sales decline amid efforts to turn around its fortunes after coming under pressure from weaker luxury spending. Last November, the group launched a £40 million cost-cutting programme after first sinking to a loss. Naomi Campbell walked the Burberry Autumn/Winter 25 runway at London Fashion Week (Jordan Pettitt/PA) In May, the company announced proposals to cut about 1,700 jobs worldwide over the next two years as part of the shake-up. In its fresh update, Burberry said it has made some progress in its transformation efforts but is still in the 'early stages' of the potential turnaround. The company said: 'In the first half, we are continuing to prioritise investment and expect to see the impact of our initiatives build as the year progresses.' It pointed towards efforts to simplify its operations and improve productivity in a bid to improve profit margins. In the latest quarter, Burberry said there were improvements across its main regions, amid strong sales of 'outerwear and scarves'. Comparable retail sales grew by 1% in Europe, the Middle East, India and Africa (EMEIA) as positive local spending helped to offset declines among tourists. Meanwhile, its Americas business reported growth of 4% for the quarter. However, it said sales in Greater China fell 5% for the quarter, while its Asia Pacific division saw a drop of 4%, driven by a 'challenging performance in Japan'. Joshua Schulman, chief executive of Burberry, said: 'The improvement in our first quarter comparable sales, strength in our core categories, and uptick in brand desirability gives us conviction in the path ahead. 'Our autumn 2025 collection is being well received by a broad range of luxury customers as it arrives in stores. 'Although the external environment remains challenging and we are still in the early stages of our transformation, we are encouraged by the initial progress we are starting to see.'
Cosmopolitan
5 days ago
- Entertainment
- Cosmopolitan
Nicole Kidman Channels Sabrina Carpenter With New Bangs
Sabrina Carpenter, Nicole Kidman is coming for your curtain bangs. Well, not literally, but the Babygirl actress is giving the wispy hairstyle a whirl in her new ad campaign, and honestly? We're here for it. It's been a year of hair transformations for the Australian actress. After shocking the nation with a pixie cut at the 2025 Met Gala, Nicole has served look after look; from a hacked ear-length bob, to a striking ice white lob. Then, she went au naturel, and paired it all back to show off her natural hair texture—a wavy, relaxed look—on a recent family holiday. Now, in an attempt to keep us on our toes, Nicole has changed her look up again, this time in a new Autumn / Winter fashion campaign for Balenciaga. They shared their new photoshoot to the Instagram grid with the caption, 'Nicole Kidman for the Winter 25 Campaign Photographed by Juergen Teller. 'Nicole is wearing the Embroidered Maxi Dress, Godet Maxi Coat, Cashmere Suede Purse Bag, and Avenue After Pump. The Winter 25 collection is available in stores and on While we're obsessed with the all black look, it's her hair that fans can't stop talking about—thanks to the newly cut curtain bangs. The style sees Nicole's centre parting complemented by shorter, wispy bits of hair, which frame her face and fall into relaxed waves. Usually, Nicole's hair is all cut at a longer length, which allows for full waves around the length of her face. We love the new look! Sabrina, she's coming for your bangs crown.
