Bright spots of China, Korea fail to lift Burberry’s global sales as coronavirus hits luxury shopping in Europe, America

Strong sales for Burberry in China and Korea were not enough to offset a weak performance in Europe and the Americas as the iconic British fashion brand reported lower revenues in the October to December period.The brand known for its tan trench coats and tartan patterns said on Wednesday retail revenues came to £688 million (US$936.7 million) in the third quarter of its fiscal year, down by 5 per cent with exchange rates kept constant.Comparable store sales declined 9 per cent from a year…

Read the original article at South China Morning Post