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In the money: Burberry works to mitigate macroeconomic environment

Luxury brand Burberry is working to "control the things it can control" as luxury footfall declines amid macroeconomic uncertainty around the world.

Shares in Burberry rise as much as 8% after the fashion house calms worries about slowing demand in China by posting better-than-forecast results.

UK luxury brand Burberry has recorded an increase in first half sales driven by strong demand for its products in China.

Luxury fashion brand Burberry has reported a 10% rise in fourth quarter revenues, partly thanks to strong sales in Asian markets.

Women's apparel retailer Cache Inc. has hired Daphne Pappas as executive vice president, chief merchandising officer.

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