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Burberry reported a sharp drop in comparable store sales growth from 18% in its first quarter to just 1% in the second, as demand in China evaporated
Burberry: Sales in mainland China, its biggest market, were up 46% in the 13 weeks to July 1, reflecting the country's emergence from COVID-19 lockdowns last year.
Burberry Group PLC on Thursday said profit was up by a quarter as it celebrates its refocused brand aesthetic and China's reopening boosts sales. The luxury fashion house reported revenue of GBP3.09... | May 18, 2023
LONDON (Reuters) -British luxury brand Burberry on Friday said its first-quarter comparable store sales rose by 1%, limited by COVID-19 lockdowns in C...