Burberry 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.
Read the story: https://www.bloomberg.com/news/articles/2024-05-15/burberry-sales-tumble-as-uk-label-warns-of-challenging-times?utm_medium=youtube&utm_source=btv
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