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Reuters
Published
Jun 12, 2014
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Mulberry says like-for-like sales down 15 pct in 10 wks to June 7

By
Reuters
Published
Jun 12, 2014

PARIS, France - English luxury handbag maker Mulberry's like-for-like retail sales fell 15 percent in the 10 weeks to June 7, it said on Thursday, after an ill-fated upmarket drive, now being reversed, took its toll on demand.

Mulberry store in Berlin | Source: Mulberry


The brand, associated with its signature postman's lock inspired by the catch on a English postman's satchel, posted a pre-tax profit of 14 million pounds ($23.5 million) for its fiscal year to March 31, down from 26 million the previous year.

$1 = 0.5956 British Pounds

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