High street suffers biggest ever decline in footfall as Brits obey lockdown May 11, 2020 The UK high street suffered its greatest ever decline in footfall last month as Brits steered clear of shops during the coronavirus lockdown. Retailers were hit with an “unprecedented” 80 per cent plunge in footfall in April, with high streets and shopping centres the worst affected. Retail parks were the most resilient thanks to the [...]
Superdry shares plunge ahead of results as analysts and co-founder Julian Dunkerton issue warnings December 11, 2018 Superdry shares plunged seven per cent this morning following damaging brokers' notes and criticism from co-founder Julian Dunkerton. Analysts Berenberg downgraded its stance on the retailer to 'hold' and cut its earnings forecast for 2019-21 ahead of the company's half yearly results tomorrow. It comes just a day after Dunkerton, who quit the business earlier this [...]
Winter is coming: Superdry looks to colder months after cautious first half November 8, 2018 Fresh from issuing a profit warning last month, British fashion group Superdry reiterated its weather woes this morning after saying that it had yet to see a sustained period of normal conditions, despite enjoying a second-quarter bump in sales. The FTSE 250 firm saw shares fall by over six per cent in early trading despite brand [...]
Saga halts Titan Travel sale as coronavirus worries weigh March 2, 2020 Over-50s insurer Saga is said to have halted the sale of one of its travel businesses as the coronavirus outbreak sparks chaos across the tourism industry. Advisers to Saga have postponed the auction of Titan, which operates escorted tours, cruises and rail journeys to various destinations around the world. A number of private equity firms [...]
Coronavirus: Supermarkets rebound but leisure stocks suffer March 13, 2020 Supermarket stocks made gains this morning after being dragged down by a mass FTSE 100 sell off sparked by mounting coronavirus fears. Sainsbury’s share price jumped 8.02 per cent to 188.97p, Tesco was up 10.46 per cent at 233.3p and Morrisons climbed 7.98 per cent to 178p. Grocers are positioned well to ride out the [...]
Joules shares plummet on profit warning January 10, 2020 Fashion retailer Joules warned profits will fall below expectations today after a challenging Christmas period, triggering a plunge in its shares. The company expects annual pre-tax profits to be “significantly” lower than a forecast £16.7m due to supply chain issues. Read more: Superdry warns profits could hit zero months after Dunkerton’s triumphant return Joules saw [...]
Superdry shares plunge on profit warning blamed on hot weather and foreign exchange October 15, 2018 Shares in Superdry plunged this morning after the fashion retailer announced a £23m profit warning, which it blamed on hot weather and foreign exchange problems. The Cheltenham-based company saw shares drop as much as 20 per cent to 788p following the trading update, published ahead of its half-year results next month. Read more: Superdry hires former Tommy [...]
John Laing shares drop after warning net assets will fall below expectations December 12, 2019 Shares in John Laing dropped this morning after the greenfield infrastructure investor said its net asset value (NAV) for the year would be below expectations. In a trading update issued this morning, the group said that uncertainty over a number of factors will impact its full-year results, including progress with ongoing transactions and the outcome [...]
Third of retailers issue profit warnings in ‘bruising’ year for UK high street January 19, 2020 A third of retailers issued a profit warning last year following a “bruising” year for the UK high street. For the second year in a row, a third or more of the FTSE retailer sector warned on lower profits over the course of 2019. The number of profit warnings fell from 36 in 2018 to [...]
Superdry hires former Tommy Hilfiger exec to push brand presence September 12, 2018 Superdry has hired former Tommy Hilfiger executive Brigitte Danielmeyer as it looks to expand its brand digitally and develop new ranges. Danielmeyer was global head of womenswear at Tommy Hilfiger for four years to 2016 and has also held executive roles at Esprit and most recently Liebeskind Berlin. The new role of chief product officer [...]