Burberry says turnaround plan showing early progress despite festive sales dip

Yorkshire Post

Luxury fashion brand Burberry has reported a dip in sales over the festive period as it said it was moving with “urgency” to turn the business around and return to profit. The fashion house, founded in England in 1856, launched a £40 million cost-cutting programme in November after sinking into a loss. #Burberry

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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and here

00:05are your headlines for today. The luxury fashion brand Burberry has reported a dip in sales over

00:11the festive season as it said it was moving with urgency to turn the business around and return to

00:17profit. The fashion house launched a £40 million cost-cutting programme in November after sinking

00:23into a loss. In an update for shareholders, Burberry said the turnaround plan was already

00:28starting to pay off. It nevertheless reported revenues of £659 million for 13 weeks to

00:34December 28th, which is down 7% from the £7.6 million generated of the same period a year

00:41earlier. My name's Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.

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