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 Tourist films plane's descent just metres above packed Caribbean beach
- 2 Kate Moss: Previously unpublished nude photo revealed by Mert and Marcus
- 3 Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
- 4 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 5 Bad Jews poster 'censored' on London Tube
Tourist films plane's descent just metres above packed Caribbean beach
Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
Becky Watts: Four appear in court charged with hiding body parts after teenager's death
Isis 'bulldozes' Nimrud: UNESCO condemns destruction of ancient Assyrian site as a 'war crime'
Professor Brian Cox brands astrology-believing Tory MP David Tredinnick an 'outlier on the spectrum of reason'
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
iJobs Money & Business
£13000 per annum: Recruitment Genius: This is an exciting opportunity to join ...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£12 - £15 Hourly Rate: Jemma Gent: In this role you will report to the Head of...
£8 per hour: Recruitment Genius: This Pension Specialist was established early...