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BBRYF - Burberry: A Canary In The Digital Luxury Sales Mine
Burberry Group plc
Burberry ([[BURBY]], [[BBRYF]]) is a British-based luxury clothing and accessories brand. It just gave a trading update on Q1 which was horrible. This bodes unfavourably for stocks like itself which are in the luxury market but not at the very high end e.g. Tapestry (TPR). It also bodes poorly for those heavily exposed to travel retail e.g. Rémy-Cointreau ([[REMYF]], [[REMYY]]), although that is less of a surprise.
There were a number of elements in the announcement of relevance to Burberry shareholders, such as a round of job cuts. But what I want to