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Burberry Trims 500 Jobs as First-Quarter Comp Sales Fall 45%

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Burberry is cutting roughly 500 jobs as consumers put luxury spending on the backburner amid quarantine lockdowns and a viral outbreak far from under control. In a Nutshell: As the Asian markets began their recovery from the coronavirus pandemic, the British luxury label saw sales improve month-to-month as stores started reopening. “In Q1, sales were…

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