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Burberry Sales Fall Less Than Expected as Turnaround Gains Traction

Comparable retail sales fell by 1 percent in the first quarter, suggesting CEO Joshua Schulman’s revamp strategy is working.
Burberry festival accessories
Burberry festival accessories. (Burberry)

Burberry

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Further Reading

Burberry Investors See Progress

A year after Josh Schulman became CEO of the British mega-brand. investors say they’re pleased with early signs of recovery even though sales are still falling.

Burberry’s Reset Begins to Click

The British luxury giant is cutting jobs after full-year profit swung to a loss and quarterly sales fell 6 percent. But shares soared as investors endorsed its latest turnaround attempt under new management.

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