Burberry Forecasts an Operating Loss in H1 Amid Executive Shakeup

In its first quarter trading call on Monday, Burberry warned investors that it expects to see an operating loss in the first half of the next fiscal year, according to WWD.In the previous quarter, the British fashion house saw retail revenue decline 22% to £458 million GBP, and its sales were also down by 20%. Comparative retail revenue was down by 21%, a substantial fall from the 18% increase the brand experienced in the same period last year.Per the outlet, the brand's chairman Gerry Murphy c...