British luxury brand’s shares rose by as much as 15% as sales of scarves and trenchcoats help it beat forecastsBusiness live – latest updatesBurberry has recorded a 4% drop in sales over the Christmas quarter, but expects to recover from losses made in the first half of its financial year after a strong performance in the US.The British luxury brand’s shares rose by as much as 15% on Friday after a rise in sales of scarves and trenchcoats over the Christmas period helped deliver a better performance than the 12% drop in sales analysts had expected. Continue reading…
Source link : https://www.theguardian.com/fashion/2025/jan/24/burberry-bounces-back-after-drop-in-sales-over-christmas-quarter
Author : Mark Sweney and Sarah Butler
Publish date : 2025-01-24 11:33:00
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Burberry bounces back after 4% drop in sales over Christmas quarter
