Burberry continues to receive the benefit of a growing luxury class in the emerging markets.
Their second half 2013 earnings announcement today shows that fears related to a China (FXI, quote) slowdown are missed placed.
Burberry today announced sales growth of +19% with Asian sales also a +19% as and China band Korea were better than expected.
Burberry opened a flagship location in Shanghai earlier this month with a commitment that they have also exhibited in other major developing cities.
Despite the perception of a slower Chinese consumer has China macro slows the results from major multinational luxury brands are mostly very strong.
Burberry and Tiffany have been in a 12% trading range over previous three months while waiting for signals on their global growth both shares are bouncing today and should trade to February highs with March lows as your stop