Burberry said that the coronavirus epidemic is hurting luxury demand in mainland China and Hong Kong.
The luxury label said 24 of its 64 stores in mainland China were closed, with remaining stores operating with reduced hours and said they saw significant declines in footfall.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airbnb co-founder: China success due to not competing directly - Business InsiderAirbnb co-founder Nate Blecharczyk says the company grew its China business by first focusing on Chinese travelers outside the country.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How China managed to build an entirely new hospital in 10 days - Business InsiderThe Huoshenshan hospital was modeled on the blueprints of a medical facility in Beijing, which was set to help tackle the SARS epidemic in 2003.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks jump on China tariff cuts, jobs data, coronavirus vaccine hopes - Business InsiderGlobal stocks climb on China's planned tariffs cuts, strong US jobs data, and hopes for a Wuhan coronavirus vaccine Yayyyy!!! Keep kicking the can down the road. China bought a ton of $tsla at 900. Need it to bounce up for sweet return Crazy Bubble.
Source: BusinessInsider - 🏆 729. / 51 Read more »