Burberry's new CEO Joshua Schulman faces an uphill task to turn around the British luxury brand whose sales have declined ...

Burberry's new CEO, Joshua Schulman, faces a challenge in reviving the luxury brand amidst declining sales and a falling share price. Analysts suggest reducing the brand's reliance on outlet ...

Some investors and analysts say Burberry's roughly 56 outlet stores should be top priority for Schulman as they could detract from attempts to push the brand to the higher end of the luxury space.