Sunday March 29, 2020

Burberry signals challenging times ahead

17th April, 2016
4
Sales of Burberry goods are in decline

Luxury fashion giant Burberry has reported a 1 per cent decline in sales for the last six months, and said market conditions will be “challenging” in the coming months.

“In an external environment that remains challenging for luxury, we continue to focus on reducing discretionary costs and are making good progress with developing enhanced future productivity and efficiency plans. Meanwhile, brand momentum is strong, digital continued to outperform in the half, and innovation in...

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