Weak Holiday Sales Weren't a Problem for Burberry

On Wednesday, WWD reported a financial statistic you probably could've predicted: that luxury sales in the U.S. took an ugly nosedive during the holiday season. Retail, as we know it, is struggling, with department stores and fashion houses alike going to great lengths to get shoppers — millennials, especially — in the door. According to MasterCard, there was a 12.9 percent dip in the domestic luxury business in November and December.