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Supergroup Q4 sales disappointing

By FashionUnited

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Superdry owner SuperGroup today reported its sales were disappointing in the fourth quarter.

Last month SuperGroup lost a significant part of its market value after its latest profit warning attributed in part to "arithmetic errors".

In the 13-weeks to April 29 the retailer saw a sales increase dip from 25.3% in Q3 to just 14.1% (£75.2m) in Q4. The company cited new store openings, a tough retail environment and its profit warning as factors for the latest figures.

Chief Executive Julian Dunkerton stated: ”Although the fourth quarter has been a disappointing end to a challenging year, the brand remains strong and this, together with the group’s investments in key senior personnel and system infrastructure, provides a solid platform for the coming financial year.
SuperGroup