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, [...]
SuperGroup sees profit soar by 69pc December 15, 2010 SuperGroup, which owns the Superdry fashion brand, posted a 69 per cent rise in first-half profit and said the early signs of Christmas trading were “very encouraging”. “The autumn/winter collection has been well received by our customers in the UK and overseas, and our owned and franchised retail expansion is progressing as planned,” the firm [...]
Supergroup sales in lift from abroad November 10, 2010 SUPERGROUP yesterday said it had opened a record number of stores abroad in the last quarter – as sales surged by 68.4 per cent. The company, which is behind the Superdry label, saw sales jump to £57.5m in the three months to 31 October. Supergroup opened a record 14 franchise stores overseas in the quarter, [...]
Stuart Rose cheers One New Change October 28, 2010 CITY shopping centre One New Change attracted thousands of workers from across the Square Mile when it opened for trading yesterday. Outgoing Marks & Spencer chairman Sir Stuart Rose officially opened the mall, which is home to 60 shops and restaurants on Cheapside opposite St Paul’s Cathedral. Topshop owner Sir Philip Green and representatives of [...]
All change for Square Mile shopaholics October 24, 2010 SHOPPING centre One New Change opens its doors to customers on Thursday, though up to 30 per cent of the shops will not be ready for the launch. Several people close to the development have said between 70 and 90 per cent of retailers will open on Thursday, with the rest aiming to complete their [...]
Asahi sales lift boosts Shepherd Neame’s profits October 7, 2010 DEMAND for trendy Asahi lager has helped to drive profit up by a quarter at Shepherd Neame. The company makes and sells Asahi Superdry under licence for the Japanese brewer and it has been selling well in cities, particularly London. Asahi volumes were up five per cent overall with draught sales rising more than a [...]
SuperGroup in sales boost September 14, 2010 SuperGroup – the British company behind the Superdry fashion brand – yesterday reported soaring sales after a highly successful flotation. Total sales leapt 59.8 per cent to £32.8m in the three months to 1 August as its trademark hoodies and checked shirts continued to fly off the shelves. The company’s shares closed 3.7 per cent [...]
SuperGroup sales surge September 14, 2010 SuperGroup, the company behind the trendy Superdry fashion brand worn by celebrities such as David Beckham, reported soaring sales, underscoring its status as one of the hottest fashion labels around. The retailer and wholesaler, whose shares have doubled since a March flotation, making it the UK’s most successful IPO so far this year, said on [...]
SuperGroup profit triples on expansion July 15, 2010 FASHION retailer SuperGroup’s full-year pre-tax profit soared to £22.46m from £7.59m last year. Group revenue for the 52 weeks ended 2 May, was up 83.1 per cent to £139.4m from £76.14m in the comparable period. The surge has been fuelled by the company’s Superdry label which has been sported by a host of celebrities including [...]
ANALYST VIEWS: WHAT IS SUPERGROUP’S RECIPE FOR SUCCESS? July 15, 2010 KEITH BOWMAN | HARGREAVES LANSDOWN “In the wake of recent comments from both Burberry and ASOS, Supergroup is again proving that the consumer is still ‘alive and kicking’ and prepared to spend money on the right offering.” FREDDIE GEORGE | SEYMOUR PIERCE “The company is gaining traction in womenswear, the international opportunity has been significantly [...]