Burberry's sales plunge 80% as coronavirus halts luxury shopping
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LONDON (Reuters) - Britain's Burberry said sales in the final weeks of March would plunge by up to 80% as the impact of coronavirus already seen in China spread to Europe and the United States, causing stores to close and luxury shopping to dry up.The British brand said like-for-like sales in the final weeks of its financial year to March 28 would be down 70% to 80%, and as a result fourth-quarter sales would be 30% lower.Burberry, like other high-end fashion labels, saw the early impact of..