Dunelm shares slump despite revenue growth October 10, 2019 Shares in Dunelm dropped more than eight per cent this morning despite reporting growth in the first quarter, following a string of positive trading updates this year. Total like for like revenue grew 6.4 per cent to £255.6m, with a 34.7 per cent increase in online sales. In-store revenue was up 2.9 per cent to [...]
Investors back Julian Dunkerton’s Superdry turnaround plan September 11, 2019 Investors voted to re-elect Superdry interim chief executive Julian Dunkerton, showing confidence in the co-founder’s plan to set the struggling retailer back on track. Shareholders backed Dunkerton’s reappointment by 99.97 per cent at the firm’s annual general meeting today following his dramatic return to the company in April. Read more: Superdry completes board line-up after [...]
Goldman prepares to take iQ public in £2bn float September 8, 2019 The chair of Aston Martin, who has overseen a quartering of its share price since listing last year, is preparing to hit the markets with another firm. The owners of iQ Student Accommodation, which is chaired by Penny Hughes, are planning to take the company £3.5bn worth of assets public, Sky News reported. Goldman Sachs [...]
Superdry completes board line-up after exodus July 26, 2019 Superdry has filled the final two board positions left vacant after the reappointment of founder Julian Dunkerton sparked a mass exodus earlier this year. The retailer announced today that Georgina Harvey, who sits on the board of William Hill, McColls Retail Group and Big Yellow, has been appointed non-executive director and will chair the firm’s [...]
Superdry hires headhunters to replace interim CEO Julian Dunkerton July 10, 2019 Superdry has appointed headhunters to hire a new chief executive to replace interim boss and co-founder Julian Dunkerton. The embattled fashion retailer said today that Dunkerton, who made a dramatic return to the company earlier this year following a bitter boardroom battle, would remain closely involved in the firm. Read more: Superdry slips to a [...]
Ocado, Dunelm and Superdry show there’s always winners & losers in retail July 10, 2019 It’s not all doom and gloom in retail. Whilst we have certainly seen a downturn on the high street, there are winners as well as losers. Next shares are among the best performers on the FTSE in 2019, up 30% so far. And they’re not alone in outperforming the market despite the trouble on the [...]
Strike: Bowling alley operator Ten Entertainment sales grow by nearly a tenth July 10, 2019 Ten Entertainment shares rose three per cent this morning after it reported a 9.6 per cent rise in sales. The FTSE all-share firm benefited from cooler conditions than last year throughout May and June. These helped draw more customers into its bowling centres, it said. Read more: Ten Entertainment to target London in bowling alley [...]
Drying up: Superdry slips to £85m loss as co-founder Dunkerton vows to ‘steady the ship’ July 10, 2019 Superdry shares plummeted in early morning trading after it slumped to a “disappointing” loss as the troubled retailer fights the ongoing stagnation on the high street. The firm, which suffered a boardroom exodus in April after co-founder Julian Dunkerton won an audacious bid to reinstall himself onto the board, saw shares fall six per cent [...]
Superdry taps two top finance bosses after boardroom exodus July 4, 2019 Superdry has appointed two retail finance heavyweights to its board as it looks to restore order after an exodus of board members. The fashion chain has appointed Helen Weir and Alastair Miller as directors, with the appointments set to take effect from 11 July. Read more: Superdry delays results after issuing profit warning Weir was [...]
Superdry delays results after issuing profit warning June 27, 2019 Struggling retailer Superdry has delayed the publication of its full-year results after issuing a profit warning and undergoing recent management changes. The company’s results will be released on 10 July, six days later than originally planned due to the “complexity” of lease and store impairment charges in the accounts. Read more: Superdry appoints interim finance [...]