Burberry remains mired in the rising prices of luxury goods

category:Lady
 Burberry remains mired in the rising prices of luxury goods


Burberry also made it clear in the latest earnings warning that although the Chinese market is gradually recovering, its fourth quarter revenue is expected to fall by 30%, and comparable sales in the last few weeks may fall by 70% to 80%. Whats more worrying for investors is that in October last year, an analysis said that the downturn in Hong Kongs retail environment may have cost Burberry about 100 million pounds.

Source: Netease fashion editor: Liu Xu_ NQ7809