SuperGroup gets ready for a hot autumn with “broadest and best range of jackets” September 4, 2014 SuperGroup boss Julian Dunkerton declared yesterday that sales were back in shape after the colder weather and the approach of autumn drove customers back into its stores. The owner of the Superdry fashion brand posted a 3.7 per cent decline in like-for-like sales in the first quarter of the year to 27 July after facing [...]
Superdry owner outperforms rival retailers December 12, 2013 SUPERGROUP chief executive Julian Dunkerton said the success of its fashion brand this year had “left rivals behind” as the company reported a 21 per cent jump in sales in the first half to £192m. Dunkerton, who founded the business almost 30 years ago, said the company had reached a “turning point” where it had [...]
SuperGroup share price rises 4.2 pc as revenues jump September 4, 2014 SuperGroup shares opened 4.2 per cent higher this morning, after it reported a strong start to the year, with total revenues up 15.9 per cent, and both wholesale and retail divisions up by double-digits. The business, which owns the SuperDry brand, recorded group revenues of £87m for the three months to July 26, up [...]
SuperGroup reports super profit of £62m July 10, 2014 Superdry clothes chain owner SuperGroup is gunning for further overseas expansion, its chief executive said yesterday, after reporting profits had soared nearly 19 per cent during the last year. The group’s revenues rocketed 19.6 per cent to £430.9m with profits reaching £62m during the twelve months to 26 April. “We have delivered a solid performance [...]
Bumper sales for Superdry owner Supergroup November 7, 2013 Fashion retailer Supergroup has announced more cracking results this morning with an 18.5 per cent increase in second quarter sales to £116.6m. This takes first half sales to £191.6m, a rise of 21.1 per cent from last year. The company said the boost was due to a strong trading performance, in line with managers' expectations. [...]
5 retailers who’ve suffered warehouse woes June 23, 2014 Retailers have had their fair share of misadventures with their warehouses in recent years. The fire at Asos’ distribution centre in Yorkshire is the second time the retailer has suffered damage to one of its warehouses. An explosion at the Buncefield oil depot near to its former site in Hemel Hempstead in 2005 [...]
Philip Clarke, Euan Sutherland and Dov Charney – the bosses who left us in 2014 December 19, 2014 This year has had its fair share of disasters – from the Co-op’s continued struggles to Tesco’s melting share price. But what of the people behind the stories? We’ve got the best, worst and most surprising people moves of the year. 1. Philip Clarke makes an unceremonious departure from Tesco Clarke stepped down at [...]
London Report: FTSE in slight slip but Asos crashes on Aim June 5, 2014 THE FTSE 100 yesterday ended lower, as the country’s equities were hit by a stronger pound in the wake of a round of aggressive stimulus measures from the European Central Bank. As the ECB cut its main lending rate to 0.15 per cent from 0.25 per cent – and the interest rate on its deposit [...]
Fat Face: Great clothes for those “settled” in life May 1, 2014 A regulatory filing from fashion chain Fat Face inlcudes one feature we wouldn't expect. When discussing their customers, the company states that its customers are relatively "settled". The lifestyle brand seems to be pitching itself as somewhere for those who've basically given on being stylish. They say they're "generally not focused on 'high' fashion". Instead [...]
Best of the Brokers for 4 February 2014 February 3, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com SUPERGROUP Cantor Fitzgerald has raised its target price for the owner of the Superdry fashion label to 1,650p from 1,400p and kepts its “buy” recommendation. The broker expects the retailer to report third quarter like-for-like sales growth of three per cent and retail [...]