Top UK Stocks to Watch: Burberry proves resilient during pandemic
Joshua Warner January 20, 2021 9:45 AM
Burberry sales are knocked by lockdown, Pearson warns profits will fall by over 45%, Hochschild says it will significantly raise output this year, and Wetherspoon raises funds as pubs remain closed. Share:
Top News: Burberry sales knocked as store sales suffer during lockdown
Luxury fashion retailer Burberry said store sales fell 9% in the third quarter of its financial year as some of its outlets remain closed because of lockdown restrictions.
The company said comparable store sales were down 9% in the 13 weeks to December 26, pushing revenue down to £688 million from £719 million the year before. Burberry saw ‘high single-digit growth’ in full-price sales but this was offset by some stores having to close. It said 62 sto