By  on April 14, 2016

LONDON — The Mainland Chinese are still shopping but their spending habits are changing rapidly — and the shift has taken a further toll on Burberry Group. The British brand saw second half revenue shrink by 1 percent in the six months to March 31, on the heels of a flat first half.

Sales in the six months were 1.41 billion pounds, or $2.1 billion at average exchange, marred by a steady deterioration in Hong Kong; a sharp downturn in Continental Europe, and uneven demand in the U.S., where Burberry sells mostly to a domestic audience.

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