Fourth quarter disappoints for Superdry brand May 10, 2012 JULIAN DUNKERTON, chief executive of SuperGroup, yesterday insisted the brand remained strong and “was looking forward to the future” after reporting disappointing fourth quarter sales. The owner of the SuperDry fashion label posted flat like-for-like sales in the 13 weeks to 29 April, blaming challenging retail conditions and poor weather in April. Last month SuperGroup [...]
FTSE 100 edges up on US stimulus hopes December 12, 2012 The blue chip index ticked slightly higher in early deals this morning, staying above the important 5,900 level, underpinned by expectations of more stimulus measures from the Federal Reserve at a meeting later today. Anglo American pushed up the index in early trading. The miner added more than 1.5 per cent on the back of [...]
Watch out for shrinking margins December 12, 2012 OPTIMISTIC words from SuperGroup’s chief executive and co-founder Julian Dunkerton couldn’t stop yesterday’s interim results from sending the owner of the Superdry clothing brand down by almost seven per cent. The market’s reaction may seem harsh. A profit warning this April, blamed on bad arithmetic, knocked the share price down by nearly 40 per cent, [...]
SuperGroup is latest Brit firm facing rebellion September 16, 2012 SUPERGROUP directors face the possibility of a shareholder rebellion at this week’s annual meeting after advisory bodies criticised the fashion retailer’s plans for executive pay. Both PIRC and the Association of British Insurers (ABI) last week raised objections to SuperGroup’s remuneration report, which if passed will see new chief operating officer Susanne Given receive shares [...]
SuperGroup is latest Brit firm facing rebellion September 16, 2012 SUPERGROUP directors face the possibility of a shareholder rebellion at this week’s annual meeting after advisory bodies criticised the fashion retailer’s plans for executive pay. Both PIRC and the Association of British Insurers (ABI) last week raised objections to SuperGroup’s remuneration report, which if passed will see new chief operating officer Susanne Given receive shares [...]
Trend-bucking sales increase at SuperGroup September 11, 2012 RETAILER SuperGroup yesterday posted a 10 per cent rise in sales, bucking the downward trend on the UK high street. Sales across the group, which owns the Superdry fashion brand, were up to £59.7m in the quarter to 29 July, despite an unseasonably wet summer. Total UK sales over the first quarter were £40.2m, a [...]
Trend-bucking sales increase at SuperGroup September 11, 2012 RETAILER SuperGroup yesterday posted a 10 per cent rise in sales, bucking the downward trend on the UK high street. Sales across the group, which owns the Superdry fashion brand, were up to £59.7m in the quarter to 29 July, despite an unseasonably wet summer. Total UK sales over the first quarter were £40.2m, a [...]
SuperGroup profit falls July 12, 2012 SuperGroup, the company behind the Superdry fashion label, posted a 15 per cent fall in 2011-12 underlying profit, reflecting a year when it lurched from one crisis to another. “Despite the backdrop, the Superdry brand remains strong and I am encouraged by the potential for our 2013 ranges,” Chief Executive Julian Dunkerton said. The firm, [...]
FTSE 100 down as blue chip Burberry leads fallers September 11, 2012 The leading share index opened down this morning, tracking falls in the US and Asia, as investors waited for key decisions over European Central Bank bond buying and US quantitative easing. Fashion retailer Burberry led the fallers, down almost 19 per cent as the firm warned of a sales slowdown. It said annual profit would [...]
SuperGroup dealt blow as co-founder resigns August 14, 2012 SUPERGROUP, the company behind the cult fashion label Superdry, said yesterday its co-founder Theo Karpathios has quit “to take on new challenges”. Shares in the company, which has been recovering from a tough year, fell as much as 2.7 per cent in early morning trading yesterday, before closing down 1.6 per cent. Karpathios, who was [...]