Burberry Group PLC closed 2.00% below its 52-week high of £13.61, which the company achieved on July 18th.

The bank added that Burberry, Coach, Ralph Lauren and Longchamp are "benefiting greatly" from aspirational consumers who feel left behind by the bigger, more expensive luxury brands.

SHOPPING: Change your life with the 28-day chair yoga program that's designed to help you feel stronger, fitter, and more flexible - and that is suitable for both beginners and experts. Right now ...