British luxury fashion house Burberry has reported a significant downturn in its sales growth, with the latest figures revealing a sharp decline from an 18% increase in comparable store sales in the first quarter to a mere 1% in the second quarter. This slowdown resulted in a half-year growth of just 10%, falling short of the company’s expectations. The interim results also highlight a 15% drop in operating profit and a 6% year-over-year decline in adjusted operating profits.
