We enter the second half mindful of this backdrop, but confident in our strongest-ever festive plans and emphasis on productivity and efficiency. "Beyond these immediate priorities, we remain focused on building Burberry for long-term, sustainable growth and value creation. In an evolving luxury environment, we see compelling opportunities by channel, region and product, underpinned by the strength and distinctiveness of our authentic British brand." Burberry added that comparable sales since the start of the third quarter have improved compared with the second quarter. The luxury retailer is also in the process of transforming its Japanese operation, which has meant a 13% drop in its licensing profits as it takes on additional costs after letting the Japanese licence expire. Burberry's other key initiatives include increasing its capacity to manufacture trench coats in Yorkshire and expanding its global distribution of its beauty ranges.