Burberry says coronavirus outbreak is hurting sales in China
Burberry said that the coronavirus epidemic is hurting luxury demand in mainland China and Hong Kong.
It closed nearly half of its stores in mainland China; stores that have stayed open are operating with reduced hours.
As a result, the British luxury brand withdrew its financial guidance for the year ahead on Friday.
Business Insider
https://www.businessinsider.com/burberry-says-coronavirus-hurting-luxury-demand-2020-2?