Burberry plans to shift its focus to handbags and shoes in the face of the financial crisis.

The British brand reported lower pre-tax profits this year, mainly due to falling apparel sales. However, there is a silver lining, with profits up for leather goods, casual handbags, and shoes.
"One of the highlights ...

British luxury brand Burberry has followed up its successful showing at London Fashion Week with improved sales figures.

The group's shares are up by more than 3%, thanks to the enthusiasm for Burberry's fall and winter collections. Handbags and casual outerwear proved particularly popular with shoppers preparing for cold weather.

Like-for-like sales ...

While tons of luxury brands are continuing to see drops in sales and having to make cutbacks in production, other labels are making attempts to stay afloat during the current fashion financial pickle. Some are even seeing the fruits of their labor with a rise in sales despite shoppers tightening their ...