The luxury fashion brand said like-for-like sales across its stores have nosedived between 40% and 50% over the past six weeks.

Burberry warned that demand is likely to plummet further in the remaining weeks of its financial year as a result of government restrictions placed on trading, travel and social interactions across its global markets. It expects like for likes to tumble as much as 80% year on year during that period.

As a result, like for likes for its fourth quarter are forecast to slump by 30%.

Burberry said it was taking “mitigating actions” to protect its balance sheet as the global pandemic rages on.