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Weak British market drags down Mulberry's retail sales

Reuters  |  LONDON 

(Reuters) - British leather maker said fell 7 percent in the 10 weeks to June 2 as growth in international markets failed to offset weak demand at home.

said underlying sales in Britain were down 9 percent in the period due to fewer customers entering their stores, and fewer tourists. British had fallen by 1 percent in the previous year.

The group, which has tried to go back to its roots as an "affordable luxury" label over the past two years with lower-priced products, reported full-year profit before tax up 36 percent to 11.3 million pounds.

(Reporting by Kate Holton; Editing by Alistair Smout)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 11:54 IST