Burberry bounces back after 4% drop in sales over Christmas quarter
by Mark Sweney and Sarah Butler from World news | The Guardian on (#6TSR3)
British luxury brand's shares rose by as much as 15% as sales of scarves and trenchcoats help it beat forecasts
Burberry 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...