Burberry Holiday Retail Sales Boosted by Asia-Pacific and Internet

Shares of Burberry climbed in London after the luxury retailer reported strong sales over the holidays. The company said it experienced a 14% increase in retail sales in the third quarter compared with a year earlier, boosted by the Asia-Pacific region and online shoppers. Comparable sales, which excludes new stores, rose by 12%. Burberry has opened five new stores in the last three months, including two in China. On a cautious note, Burberry CEO Angela Ahrendts warned that fluctuating currency exchange rates could weigh on earnings in the second half of its financial year.

Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.