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flag Burberry reports a 7% revenue drop but sees growth in the Americas and rising share prices.

flag Burberry reported a 7% drop in third-quarter revenue to £659 million, with a 4% decrease in comparable store sales. flag The Americas saw a 4% growth, while Asia Pacific had the biggest decline at 9%. flag CEO Joshua Schulman's turnaround plan, which includes cost-cutting and focusing on core products, shows early signs of success, boosting share prices by 14%. flag Despite the sales dip, Burberry is optimistic about offsetting the first-half loss with second-half results.

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