Burberry Announces Plans For Growth Amid Falling Profits

It’s no secret that the luxury market is not doing so hot. Market reports for 2016 are showing dismal projections and equally low sales numbers, suggesting that this year is going to be pretty slow for the luxury goods sector. Yesterday, Burberry CEO and Chief Creative Christopher Bailey announced how the label would be cleaning house in the coming months in an effort to fight back against declining profits. With the announcement came the preliminary numbers for the year ending March 31, 2016—they’re weren’t great, though they were no worse than expected.

Marissa Stempien

Marissa Stempien is a freelance writer and editor with a focus on travel, fashion, lifestyle, and culture. Her work has been featured in a number of print and online publications including ABC News, Popsugar, Huffington Post, JustLuxe, Luxury Living and CityGirlGoneMom. Marissa is an avid traveler and is always looking to visit somewhere new or unexplored. Her unique lifestyle has given way to her...(Read More)

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