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

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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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