Superdry in a German drive as it shrugs off the freeze
The group behind the Superdry clothing brand has shrugged off the wintry weather to post buoyant sales, as it revealed plans to roll out more stores in Europe’s biggest economy, Germany.
SuperGroup also said its store on Regent Street, opened last year, was growing sales, in its first comments on trading there.
UK underlying sales jumped by 5 per cent over the quarter to April 28, despite the cold recent weather hitting high streets. SuperGroup chief executive Julian Dunkerton said: “Against the backdrop of less people out shopping it is a brilliant performance.”
The UK fillip and a 20.2 per cent leap in wholesale revenue overseas in its final quarter means SuperGroup expects to hit City forecasts for full-year profits of £51.2 million.
The first company-owned Superdry store opened in Germany’s Oberhausen in November and Dunkerton said its performance had “given us the confidence to roll out more stores in Germany”, in addition to a few franchise shops. Total SuperGroup sales rose by 15.3 per cent to £86.8 million over the quarter. Its shares, floated at 500p in March 2010, slipped by 6.6p to 713.4p.
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 Prince held a Facebook Q&A and this is the only question he answered...
- 3 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 4 35,000 walrus gather ashore on north-west Alaska beach 'for a rest'
- 5 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
Prince held a Facebook Q&A and this is the only question he answered...
Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
Cheryl Cole officially 'the most dangerous celebrity' on the internet
Ebola virus in the US: What are the symptoms, what is it and is there a cure?
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Benefits 'smart cards' plan revealed by Iain Duncan Smith to stop claimants spending welfare money on alcohol
- < Previous
- Next >
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...