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The retailer's share price tumbled to a three-year low after it reported weaker demand for its expensive trench coats, bags and scarves and wiped £100m off its profit outlook.
Burberry Group retail revenue down 7%
Fashion house Burberry has slashed its profit guidance for the year, amid a slowdown in demand for luxury fashion.
Burberry shares fell after the profit warning, which comes as "aspirational" shoppers pull back on purchases.
By Michael Susin Burberry cut its fiscal 2024 guidance after luxury demand slowed further during December's key trading period. The British luxury-goods...