burberry closing stores - why is burberry so down : 2024-11-01 burberry closing stores Burberry is to close stores and stop its products being sold in areas it feels are not luxurious enough, as part of a drive to take its brand even further upmarket.
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burberry closing stores Burberry will also roll out a new retail format across 55 stores by the end of fiscal 2022, modelled on its social retail store in Shenzhen. The first flagship under the new format, which Gobbetti says . Fashion brand Burberry has changed its boss in a bid to revive itself in the face of plunging sales. The company said Joshua Schulman, the former head of US brand Michael Kors, will take over as. Burberry is to close stores and stop its products being sold in areas it feels are not luxurious enough, as part of a drive to take its brand even further upmarket. In light of a downturn in the luxury market, Burberry shared a profit warning and was forced to axe its full-year dividend.
burberry closing stores Burberry will close 38 stores worldwide as part of a new transformation plan led by CEO Marco Gobbetti to move more upmarket. This means 10% of the British .
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burberry closing stores