Britain's Burberry says COVID-19 closures drag Q3 sales down 9%

Cindy Ord / GETTY IMAGES NORTH AMERICA / Getty Images via AFP

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

 

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