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Britain's Burberry Says COVID-19 Closures Drag Q3 Sales Down 9%

Britain's Burberry Says COVID-19 Closures Drag Q3 Sales Down 9%

Wednesday, 20 January, 2021 - 10:15
Burberry said underlying sales fell 9% in the three months ended December as the COVID-19 pandemic closed shops. (Reuters)

British luxury brand Burberry said underlying sales fell 9% in the three months ended December as the COVID-19 pandemic closed shops and meant fewer tourists visiting its European stores.


Comparable store sales in Europe, the Middle East, India and Africa declined 37% in the quarter, the third of its financial year.


The company said it remained confident in the future, buoyed by sales growth of 11% in Asia Pacific stores.


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