Superdry revenue increases after customers flock back to stores May 12, 2022 UK clothing company Superdry has posted an 8 per cent increase in group revenue after customers returned to the stores post-Covid. In the 12 months ended 23 April, Superdry’s revenue increased to £600m, driven by a 59.8 per cent growth in store revenue. Proceedings derived by Superdry’s e-commerce business, on the other hand, went down [...]
Superdry cuts its losses despite tumbling revenues January 20, 2022 Revenues at fashion brand Superdry have dropped on a one-year and two-year basis, but losses are also down at the retailer.
Fashion brands log legal claims over Visa and Mastercard fees December 12, 2021 Fashion firms are taking legal action over Mastercard and Visa card payment fees More than a dozen brands have filed legal claims over historic charging fees, alleging a breach of competition laws, it was reported by The Telegraph. It comes as Amazon confirmed UK customers will not be able to use Visa credit cards when [...]
Retailers are using experiences, not goods, to keep high street fashion on trend November 22, 2021 A short stroll along Oxford Street these days doesn’t necessarilly fill retail fans with confidence. A phalanx of American candy stores, souvenir shops of questionable quality and ‘to let’ signs have blossomed after the pandemic, and House of Fraser last week became the latest bricks and mortar flagship to announce it would be closing its [...]
Activist fund Gatemore buys stake in DFS and warns of buyout vulnerability November 10, 2021 Gatemore Capital management has bought a stake in DFS and told its fund investors that the sofa chain is undervalued by public markets and thus ripe for a private equity bid. Adding to its roster of listed British retailers, which includes Moss Bros, French Connection and Superdry, the activist fund told investors last month that [...]
Superdry ‘recovering well’ from pandemic disruption November 4, 2021 Fashion firm Superdry said it is “recovering well” from the side effects of the coronavirus pandemic. In a trading update for the eight weeks to October 23, it said trading had improved. It attributed most of its recent improvement to e-commerce sales, which were up 6.6 per cent compared to 2019, pre-Covid. It also saw [...]
Superdry losses shrink despite subdued high street footfall September 16, 2021 Superdry said store and wholesale revenues were recovering well despite high streets remaining quiet. The fashion retailer reported a pre-tax loss of £37m for the year to April 24, compared with a £167m loss from a year earlier. Revenues fell 21.1 per cent to £556m for the year after a number of lockdowns across key [...]
SoftBank-backed AI startup Peak raises $75m in second funding round in six months August 31, 2021 Manchester-based Artificial Intelligence (AI) provider Peak will expand into new global markets after raising $75m in its latest funding round, led by SoftBank’s $100bn Vision Fund Two. Peak AI, which sells its “decision intelligence” enterprise software platform to non-tech companies to help with their operations, plans to use the latest raise to double its workforce [...]
Why you should break out the tweed for the Glorious Twelfth August 10, 2021 In Britain, 12 August – AKA the Glorious Twelfth – is the first day of the season for red grouse. This is not just tradition but law: read the Game Act 1831 for further details. It is a day of great excitement and activity on our vast grouse moors, so big they account for nearly [...]
Derwent’s Baker Street project enters next phase as rent collection picks up May 6, 2021 Derwent London’s ambitious mixed-use Baker Street project entered the next phase as construction firm Erith won the contract on the scheme. Erith beat other companies to the £3m deal, which will involve knocking down existing buildings on Baker Street, George Street and Blandford Street. The news comes as the property giant presented its first quarter [...]