Burberry Faces a Chequered Performance Worldwide ; Luxury Brand Shows Uneven Global Sales
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Summary
LUXURY brand retailer Burberry saw comparable sales stutter in the first quarter as an "exceptional" UK performance was offset by weakness elsewhere.
Store sales - accounting for two-thirds of Burberry's revenues - were flat on a like-for-like basis in the three months to June 30, down from 3% growth in the previous quarter.See the full content of this document
Extract
Burberry Faces a Chequered Performance Worldwide ; Luxury Brand Shows Uneven Global Sales
But Burberry said sales were up 12% on an underlying basis, driven by the inclusion of its new Middle East venture as well as expansion elsewhere.
The firm saw double-digi...See the full content of this document
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