The company's lawsuit against J.C. Penny echoes its checkered past in the U.K.
The future of Fashion Week is much different than what we're used to
Weeks of flat store sales at the high-end British clothier could be a sign that China's economic slowdown and Europe's debt crisis are ending a nearly three-year boom in demand for luxury goods.
Shares of Burberry are down more than 18 percent this morning. The luxury retailer slashed profit forecasts and warned that the luxury goods market is headed for hard times.