Burberry Says US Demand for Sneakers and Slides Fades

By Reuters
Reuters
Reuters
July 15, 2022 Updated: July 16, 2022

LONDON—British luxury brand Burberry said a drop in demand for footwear such as sneakers and slides drove a 4 percent fall in first-quarter like-for-like sales in the Americas.

“We’ve had very strong performance in the categories of leather bags and outerwear,” Chief Financial Officer Julie Brown told reporters on Fridays.

“The areas that have come under more pressure this time, is we’ve seen sneakers and slides—the shoe business—and the small leather goods category somewhat weaker.”

Reuters