Sales at UK luxury group Burberry seen plunging 80% over coronavirus

LONDON (Reuters) - Britain's Burberry warned that sales in the final weeks of March would plunge by around 70% to 80% compared to last year, as coronavirus caused shops to shut and demand for luxury goods to dry up. Burberry said on Thursday it expected sales at comparable retail stores in the final weeks of its financial year to 28 March to be down between 70% and 80%, and as a result it expected overall fourth quarter sales to be 30% lower. The forecast for March showed that the impact of..