Burberry sales down 3.2percent, operating profit down 57percent

category:Lady
 Burberry sales down 3.2percent, operating profit down 57percent


From the performance data released by major brands, the Chinese market still occupies an important position, and the growth of many luxury brands depends heavily on the Chinese market, such as Hermes, Burberry, etc.

In a new report, analysts at UBS said the recovery of Burberry and other luxury brands could be very slow as the epidemic has led to a decline in global tourism. According to the survey, about 80% of consumers are not willing to take risks in the next three or four months, which is a big blow to luxury goods, because about 40% of the spending in luxury shopping comes from tourism retail.

Source: Netease fashion editor: Liu Xu_ NQ7809