Analysis-Fewer shoppers in Burberry stores complicates design overhaul streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
The slowdown in the luxury
market following a post-pandemic boom could not come at a worse
time for Burberry, with designer Daniel Lee s first
styles for the British label trickling into newly.
PARIS (Reuters) -The slowdown in the luxury market following a post-pandemic boom could not come at a worse time for Burberry, with designer Daniel Lee's first styles for the British label trickling into newly refurbished stores. Executives cautioned on Thursday that they would struggle to meet Burberry's annual revenue forecast, pointing to a darkening macro economic climate across the globe and capping off a tumultuous reporting season for the sector. Shoppers in the United States and Europe have grown cautious about splashing out on high-end purchases as the cost of living rises, while appetite in China has been deflated by a property crisis and record youth unemployment.
By Mimosa Spencer PARIS (Reuters) - The slowdown in the luxury market following a post-pandemic boom could not come at a worse time for Burberry, with.
Burberry Streets New York City Info hypebeast.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hypebeast.com Daily Mail and Mail on Sunday newspapers.