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Burberry Returns to Growth as Turnaround Effort Starts to Bear Fruit

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Burberry returned to growth in the second quarter, the British luxury brand reported on Thursday, as turnaround measures started to bear fruit and its China business showed signs of recovery.

Burberry reported a 2 percent rise in second-quarter comparable store sales, its first quarter of growth in two years, in a sign shoppers are responding well to CEO Joshua Schulman’s strategy of refocusing the 169-year-old trench coat maker on outerwear and scarves and promoting an accessible British…

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