UK luxury group Burberry says sales plunge as much as 50% on coronavirus hit
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LONDON (Reuters) - Luxury British brand Burberry said the drop-off in demand due to coronavirus had intensified, pushing comparable retail store sales between 40% and 50% lower over the last six weeks.The company said it was cutting costs to deal with the crisis by trying to renegotiate rents, restricting travel and reducing discretionary spending.