Burberry Q3 comparable sales decline by 9 percent

In the third quarter, Burberry Group Plc said, despite reduced operating hours and the closure of up to 62 stores, it achieved a high single-digit full-price sales increase. However, reported retail revenue fell 4 percent to 688 million pounds with Covid-19 related store closures averaging 7 percent impacting trading. The company said in a statement, due to the reduction in markdown periods and products as planned, overall comparable store sales were down 9 percent for the quarter.