Slowdown in gift giving hits Burberry in the pocket
11/09/2012
UK-based high-end retailer Burberry has revised its forecasts for the rest of the year after reporting a flat second quarter. Comparable store sales didn't grow in the 10 weeks to September 8 compared with a year earlier. Total sales rose 6%, but only due to new store openings. Chief financial officer Stacey Cartwright said in July: “We’ve seen...