Burberry shares take 10% hit on warning of slump in luxury demand
A sharp slowdown in sales in China shows no sign of easing, according to the company which is experiencing quieter trade globally.
Source: sky.com
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Burberry profits slide in luxury slowdown
British luxury brand Burberry has reported a 15% fall in operating profit year on year to £223m for the 26 weeks to 30 September, driven by a "slowdown in luxury demand globally".
Source: drapersonline.com
Burberry hit by luxury slowdown as China sales drop in Q2
British high-end fashion giant Burberry has warned that the slowdown in luxury demand is having an impact on current trading and could affect full-year sales, as it reported a huge deceleration in sales growth in the first half.
Source: sharecast.com
Burberry bruised by slowdown in luxury spending, says it will struggle to meet annual revenue forecast
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
Source: theglobeandmail.com
Burberry joins LVMH and Gucci in luxury slump—brand says it may miss revenue target
Burberry's half-year sales inched up just a little, pointing to a luxury downturn that its rivals like LVMH and Kering have been experiencing.
Source: fortune.com