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    The Guardian

    Burberry bounces back after 4% drop in sales over Christmas quarter

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    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…

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    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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