Burberry says U.S. demand for sneakers and slides fades
3:54 am Friday, July 15th, 2022
LONDON (Reuters) – British luxury brand Burberry said a drop in demand for footwear such as sneakers and slides drove a 4% fall in first-quarter like-for-like sales in the Americas.
“We’ve had very strong performance in the categories of leather bags and outerwear,” Chief Financial Officer Julie Brown told reporters on Fridays.
“The areas that have come under more pressure this time, is we’ve seen sneakers and slides – the shoe business – and the small leather goods category somewhat weaker.”
(Reporting by Paul Sandle; editing by William James)
