Luxury: Shunned in Asia, Burberry sales fall 20% in Q1

Featured image of the article Luxury: Shunned in Asia, Burberry sales fall 20% in Q1

An article by Morgane Monteiro and Sophie Baqué

Publication

15 July 2024 à 16h49

Updated on 19 July 2024 à 11h45

Reading time

2 minutes

Publication: 15 July 2024 à 16h49, Updated on 19 July 2024 à 11h45

Reading time: 2 minutes

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An article by Morgane Monteiro and Sophie Baqué

Publication

15 July 2024 à 16h49

Updated on 19 July 2024 à 11h45

Reading time

2 minutes

Publication: 15 July 2024 à 16h49, Updated on 19 July 2024 à 11h45

Reading time: 2 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
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Burberry will not be paying a dividend this quarter. The luxury brand, down by 20%, is struggling in all regions. 400 jobs are lost alongside a new C.E.O.

On July 15, Burberry (sales of US$3.75 billion for the financial year to the end of March 2024, stable) announced sales of US$579 million for the 3 months to the end of June, down 20% at constant exchange rates. Sales fell in all regions (EMEA by 16%, Americas by 23%), but Asia was the hardest hit. In mainland China, sales fell by 21%, in...

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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