SuperGroup news and archive

Superdry continues to underperform, issues profit warning

After exiting the London Stock Exchange in July as part of its restructuring plan, Superdry Group revenue for the year to April 27, 2024 of 488.6 million pounds decreased by 22 percent. The company attributed the decline to continued underperformance of the wholesale business and softer performance of the retail segment. For the year ahead,...

BusinessFeatured

Covid-19 pandemic further hits Superdry’s revenue and profit

Group revenue at Superdry fell by 19.2 percent year-on-year to 704.4 million pounds (904.3 million dollars), which the company said, was driven by a decline in both divisions, with retail declining 18.2 percent and wholesale declining by 20.7 percent. The group’s statutory loss after tax for the year was 143.4 million pounds compared to a 101.7...

Fashion Featured

Superdry Q4 sales drop by 37 percent

Superdry Plc said its fourth quarter performance was substantially impacted by the outbreak of Covid-19, down 36.9 percent to 118.5 million pounds (146.5 million dollars), with all company-owned stores and the majority of franchise locations closed from late-March. Group revenue for FY20 was down 19.1 percent year on year to 705.5 million pounds...

Fashion

Superdry issues profit warning after Christmas sales slide

Superdry, in its trading update covering the 10 week period to January 4, 2020 said, despite a strong Black Friday event, peak trading performance has been lower than expected. The company reported 15.8 percent decline in group revenue with store revenues down 18.5 percent, wholesale revenues down 16.9 percent and ecommerce revenue down 9.3...

Business

Superdry posts sharp decline in H1 revenues

In a trading update for the first half year, Superdry Plc said, revenues declined 11.3 percent to 367.8 million pounds (473.2 million dollars), reflecting an expected year of reset, and the need to address a number of legacy issues across the business. The company’s retail sales decline moderated through first half, with Q2 store revenue down...

BusinessFeatured

Superdry revenues increase 16 percent in FY18

Superdry global brand revenue increased by 22.1 percent to 1.604 billion pounds (2,172.9 million dollars) in FY18, driven by growth achieved in all key territories. Group revenue growth of 16 percent, the company said, was driven by the continued strong progress in Superdry’s capital light channels, wholesale and ecommerce delivered sales growth...

PeopleFeatured

Julian Dunkerton, Superdry co-founder, to exit company

London - Julian Dunkerton, the co-founder of fashion retailer Superdry, is set to exit the company in order to spend more time on his "other business and charitable interests." Dunkerton, who was Chief Executive at Superdry until 2014, informed the Board that he wishes to leave the retail chain, which is part of SuperGroup, and will be stepping...

People

Superdry announces two non-executive directors

Superdry has appointed Dennis Millard as a senior independent director and John Smith as a non-executive director, with effect from February 1, 2018. Millard, who is currently the chairman of Halfords and deputy chairman and senior independent director of Pets at Home, will sit on the Nomination and Remuneration Committees while Smith, who was...

BusinessFeatured

SuperGroup reports 25.2 percent revenues growth in H1

For the 26 weeks to October 28, 2017, SuperGroup, owner of the Superdry brand said that global brand revenue increased by 25.2 percent to 756.3 million pounds (994 million dollars), benefitting from continued strong growth across all channels. Reported group revenues increased by 20.4 percent in the half to 402 million pounds (528 million...

Retail

SuperGroup to expand Superdry Sport with dedicated stores

SuperGroup, the parent company of Superdry, have announced plans to expand Superdry Sport by introducing 'shop-in-shops' in some of their larger stores later this year. The company noted in their impressive final year results, that Superdry Sport ‘remains a natural evolution for the brand’, adding that the ‘ath-leisure element of [their] range...

Business

SuperGroup announces annual results early after employee theft

Citing theft from an employee of the company’s documents, SuperGroup, the owner of the Superdry brand, had to release the the company’s annual preliminary results ahead of its scheduled release date. The company said that revenues for the period ended April 29, 2017 rose 27.4 percent to 752 million pounds (978 million dollars), with retail...

BusinessFeatured

SuperGroup FY17 revenues increase 27.2 percent

SuperGroup revenues for the full year increased by 27.2 percent to 750.6 million pounds (971 million dollars). As reported at the half- year results, the company said that the brand’s global footprint has led to revenues benefitting from sterling’s weakness. The company added that full year like-for-like growth of 12.7 percent benefitted from...