Mulberry sales decline as UK VAT hits luxury sector
Luxury fashion retailer Mulberry has posted a fall in sales which the group said was impacted by a “challenging macroeconomic backdrop” and a decline in luxury consumer spending.
In the 13 weeks to December 30, Mulberry posted a fall of 8.4% in group revenue year on year while total retail sales dipped 1.5%.
UK retail sales fell 4%, while international retail sales saw an increase of 3.9%.
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