Burberry Group plc (Burberry) designs, sources, manufactures and distributes luxury mens, womens and childrenswear and non-apparel accessories globally through its own retail stores, concessions and wholesale customers. Burberry also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company's non–apparel offerings include handbags, soft accessories, such as scarves, small leather goods, shoes, belts and jewellery. As of March 31, 2008, its retail outlets included 97 mainline stores, 231 concessions within department stores and 40 outlets, and wholesale outlets included sales to hundreds of prestige department stores and specialty retailers around the world, as well as sales to franchisees who operate 79 Burberry stores. Its licensing included royalty income received from Burberry’s partners in Japan and from global licensees for fragrance, eyewear and timepieces. During the fiscal year ended March 31, 2008, Burberry opened 76 stores.
