SuperGroup suffers growth slowdown on stocking delays May 12, 2011 SUPERGROUP, the British company behind the rapidly-expanding Superdry fashion brand, has reported a slowdown in its phenomenal sales growth, prompting a substantial drop in its share price. Shares in SuperGroup slumped by 22 per cent after it said total sales had increased by 61 per cent to £66m in the three months to 1 May. [...]
FTSE rattled again by falling commodities and China stats May 12, 2011 THE FTSE 100 was rattled yesterday as global growth concerns triggered a fall in commodity-linked stocks and boosted appetite for defensive assets. Miners and oil stocks retreated as commodities continued their worst rout since 2008, after China surprised analysts by lifting bank reserve requirements by 50 basis points yesterday, a day after data showed China’s [...]
SuperGroup exec resigns March 29, 2011 DIANE Savory, chief operating officer of SuperGroup, quit the fashion retailer suddenly yesterday in a move that surprised analysts and investors. Savory (pictured) has worked at the clothing group, which owns retail brands Superdry and Cult, for more than 20 years and played a crucial role in preparing the company for its £120m flotation last [...]
SuperGroup in 87pc bumper sales increase February 9, 2011 RETAILER SuperGroup yesterday posted stellar sales figures after a storming performance over Christmas. The owner of the Superdry brand said yesterday it would be targeting an expansion in online sales and a fresh assault on the European market in 2011. SuperGroup’s total sales rose 87 per cent to £81.7m in three months to 30 January. [...]
SuperGroup profit soars February 9, 2011 SuperGroup, the British company behind the Superdry fashion brand, posted an 87 per cent rise in third-quarter sales, showing strong trading momentum after a storming Christmas performance. The firm, whose clothes are a favourite of celebrities such as David Beckham, Leonardo DiCaprio and Zac Efron, said on Wednesday total sales were £81.7m in three months [...]
SuperGroup in €40m deal to expand in Europe February 4, 2011 SuperGroup, owner of the rapidly growing Superdry clothes chain, has paid €40m (£33.7m) in cash and shares to buy out its Benelux and France franchisee CNC Collections from its owner Luc Clément. CNC is the leading franchisee globally for the Superdry brand and Clément will become SuperGroup’s head of European franchising. It has been a [...]
SuperGroup in Xmas boom January 12, 2011 SHARES in SuperGroup, the firm behind the Superdry fashion brand, jumped more than 19 per cent yesterday after the company reported its best ever Christmas trading. For the nine weeks to 2 January, total sales almost doubled to £65.1m from a year ago. The company said it had managed to counter the impact of rising [...]
SuperGroup sales soar 90pc over Xmas January 12, 2011 SuperGroup, the company behind the Superdry fashion brand, forecast year profit at the upper end of expectations after posting a 90 per cent jump in sales over the key Christmas period. SuperGroup, whose clothes are a favourite of celebrities such as David Beckham, Leonardo DiCaprio and Zac Efron, said it made sales of £65.1m in [...]
SuperGroup hit by costs December 15, 2010 SUPERGROUP shares dived yesterday as a warning over the rising costs of materials spooked investors despite a healthy profit update. The company – which owns the popular Superdry brand – has seen its shares soar since they were floated at 500p in March – raising £395m to bankroll its expansion. It made an underlying pre-tax [...]
Euro worries push banks down, leave FTSE flat December 15, 2010 THE FTSE tipped up to 5897 briefly this afternoon but sank again to close flat at 5882, dogged by Eurozone worries and poor performances by the banks. Barclays was the top FTSE100 faller, down 3.7 per cent as worries resurfaced over European sovereign debt, caused by Moody’s announcement that it was reviewing Spain’s credit rating, [...]