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Burberry Sales Fall Amid Weak Demand in China and US
Posted
May 15, 2024
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2,213
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May 15, 2024
2,213
23
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2:12Now PlayingBurberry Group warned of a challenging first half after the British luxury brand reported tumbling sales on weak demand in China and the US. Comparable store sales in the quarter ended in March fell 12% from a year earlier. Burberry also forecast a decline of about 25% in wholesale revenue in the first half of its fiscal year. Bloomberg's Deborah Aitken reports.
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