Home Business News Burberry sales fall amid virus panic

Burberry sales fall amid virus panic

by LLB Editor

Sales at Burberry declined 45% in the 13 weeks to June 27, although the decline eased to 20% in June, the luxury retailer announced today.

Marco Gobbetti, chief executive, said, “Sales were severely impacted by the drop in luxury demand from Covid-19 and we expect it will take time to return to pre-crisis levels with the resumption of overseas travel.”

“We are also proposing to further streamline our office-based functions and improve our retail efficiency in certain geographies outside the UK,” Burberry said in a statement on Wednesday.

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