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Hong Kong saw double-digit falls, and America also had a difficult time. Burberry, along with other luxury goods firms, has been hit hard by the economic uncertainty sweeping the world, as well as currency swings. This has had a negative impact on confidence among wealthy American shoppers. Chief executive Christopher Bailey described the past six months as challenging Wholesale revenue, which is primarily sales to department stores, was down 14 per cent to 287million, which was more than analysts had forecast. Sales of its beauty lines fell to 76million from 82million. Fairweather said more needed to be done to establish Burberry as a luxury brand in America. She warned that pushing more stock into US department stores when demand was weak could have forced retailers to have discounted items, denting the image. She said: It would have been the wrong thing to do. The company, which is now using actress Lily James as a model, has been working on improving its stores around the world and investing in new products.
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