Burberry confirms slowing sales

City A.M. Reporter
Fashion retailer Burberry this morning confirmed that retail sales growth slowed in the second quarter, after warning on profits last month.

In an interim trading statement, the fashion house said demand in the UK and China had slackened.

The group said like-for-like sales grew by one per cent in the three months to 30 September.

Shares in Burberry plunged by almost 19 per cent last month as the retailer cut is profit forecast for the year, blaming falling sales in China.