Burberry Checks out Credit Crunch

Burberry. Photo Credit: 416style. C.C. License.Burberry, the British fashion giant that saw double-digit sales boosts in the first half of this year, is now the latest company to feel pressure from "volatile markets".

Cracking the US market has become difficult for Christopher Bailey's brand, which had grabbed 21-percent retail-sales increases up to 30 September, according to Drapers. Now, trading is "more difficult" for the brand, the magazine reports.

For the second half, Burberry projects that wholesale earnings could be down by a high single-digit percentage.

- Jill Hilbrenner

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