How did Burberry get stuck in the trenches? retail Burberry has struggled to compete with its luxuary peers over the past couple of years.
FTSE 100 reshuffle: Burberry and Easyjet set to be downgraded Markets FTSE 100 constituents Burberry and Easyjet are expected to be eliminated from London’s main market next month during a reshuffle. The main market’s quarterly rebalance is due on 20 September, with the review being based on prices at close on 3 September. Easyjet managed to claw back into the FTSE 100 in March, but the [...]
Mark Kleinman: Is troubled Burberry heading for a chequered flag? column Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at Burberry’s threads wearing thin, Hammerson’s big Bicester sale and Love Island Is troubled Burberry heading for a chequered flag? Not only a chequered recent past, but on current evidence every [...]
Burberry shares nosedive as sales collapse and firm cancels dividend July 15, 2024 Gerry Murphy, the chair of Burberry, described the results as “disappointing” and cited a “more challenging than expected” luxury market.
Burberry: Analysts say ‘a lot to be desired’ after profit slip May 15, 2024 British fashion house Burberry reported a decline in operating profit for the full year as the brand continues to feel the pinch from consumers reducing spending on luxury items.
Burberry shares crater after luxury goods profit warning January 12, 2024 Burberry now expects adjusted operating profit for the financial year ended 30 March 2024 to be in the range of £410m to £460m.
Burberry shares plunge to a 14-year low, but what’s behind the collapse? August 16, 2024 Once a beacon of British heritage and craftsmanship, Burberry’s recent decline has been striking. Shoppers and investors seem to have fallen out of love with the retailer. Sales have plunged, and Burberry shares have fallen 70 per cent over the past year. Earlier this week, the stock touched a 14-year low before rebounding. While the [...]
Even as sales slump, Jonathan Akeroyd leaves Burberry a stronger brand July 18, 2024 As Akeroyd leaves the famous fashion brand, Steve Hatch unpacks the data asking: Is Burberry throwing the baby out with the bathwater?
Burberry gears up to axe hundreds of jobs in cost-cutting drive July 7, 2024 Employees were notified of the restructuring in late June via a Zoom meeting, according to reports
Uncool Britannia: What is going wrong at Dr Martens, Burberry and Mulberry? May 30, 2024 Thursday proved to be another challenging day for British heritage brands, with Dr Martens revealing a plummet in annual profits largely due to dwindling demand from US shoppers.