Retail analyst Stacey Widlitz says there are fresh reasons to worry about the Chinese consumer's appetite for luxury goods.» Read More
British luxury brand Burberry warned on Wednesday that a fall in sales in the key market of Hong Kong could impact its full-year margin.
Known for its raincoats with camel, red and black-check patterned linings, Burberry said retail sales rose 14 percent to 604 million pounds in its October-December third quarter, with comparable growth of 8 percent, steady on the previous quarter. Burberry said Asia-Pacific delivered low single-digit percentage growth compared to double-digit growth in...
BERLIN, Jan 14- British luxury brand Burberry warned on Wednesday that a fall in sales in the key market of Hong Kong in the last quarter of 2014 could impact its full-year margin. Burberry said Asia-Pacific delivered low single-digit percentage growth in its third quarter, October-December, compared to double-digit growth in the previous six months, as sales...
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