Burberry Warns on Full Year Profit as Luxury Slowdown Hits Sales – WWD
Burberry said adjusted operating profit will be lower than projected due to declining sales and currency headwinds as demand for luxury slows globally.
Source: wwd.com
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Burberry issues second profit warning in three months after tough Christmas
Shares suffer their biggest one-day fall since 2012 at one stage as luxury shoppers tighten their belts further, with other headwinds also set to harm profits.
Source: sky.com
Burberry issues profit warning as Christmas shoppers shun pricey trenchcoats
British brand affected by continued slowdown in luxury demand during cost of living crisis
Source: theguardian.com
Burberry Cuts Guidance on Slowing Luxury Demand -- Update
By Michael Susin Burberry cut its guidance after global luxury demand continued to slow during December's key trading period. The British luxury-goods...
Source: marketwatch.com
Burberry's share price drops 10% as luxury brand warns about trading over crucial Christmas period – Winnipeg Free Press
Breaking News, Sports, Manitoba, Canada
Source: winnipegfreepress.com