Superdry points finger at warm weather for cooling winter sales February 7, 2019 Superdry suffered a dip in sales over the crucial Christmas trading period, citing unseasonably warm weather for a fall in demand for the fashion group’s flagship Japanese winter hoodies. The British fashion group, which has seen its shares crash 70 per cent in the last 12 months, said its performance in the three months to [...]
Superdry braced for clash with founder Julian Dunkerton as third quarter results loom February 3, 2019 Superdry is gearing up for a clash with former boss Julian Dunkerton if it fails to impress investors with its third quarter results later this week. The fashion retailer is braced for further dispute with co-founder Dunkerton, who has been campaigning to return to the company amid a series of profit warnings and a sharp [...]
Former Superdry boss could call shareholder meeting to force return January 20, 2019 Former Superdry boss Julian Dunkerton has said he will call an extraordinary general meeting of the company’s shareholders in the next four weeks in a bid to return to the company. Dunkerton, who co-founded the business, has been campaigning to return to the company, after a string of profit warnings and a calamitous drop in [...]
Primark sales sweeten the pill as retailer outperforms Christmas gloom January 17, 2019 Primark today reported a rise in revenues over the festive period as store expansion outweighed a fall in like-for-like sales. The fashion retailer saw UK sales rise one per cent on last year in the 16 weeks to 5 January, defying a downturn in the wider retail market. Read more: Retail sector suffers worst Christmas in [...]
Superdry up as board faces potential battle with founder Dunkerton December 27, 2018 Superdry gained eight per cent today as a battle is brewing for the future of the company. The shares rose by 34p to 460p by early afternoon, making the company the fastest riser on the London Stock Exchange today. The rise on the markets comes after it was reported at the weekend that Julian Dunkerton [...]
Superdry blames warm weather on crashing profits December 12, 2018 Superdry's shares have crashed more than 34 per cent in trading today, after the retailer blamed “unseasonably warm weather” for a lull in sales that resulted in a 49 per cent fall in half-year profits. The group warned that profits for the full-year are now projected to come in at £55-70m, falling below analyst expectations of roughly £84m. The [...]
Superdry shares plunge ahead of results as analysts and co-founder Julian Dunkerton issue warnings December 11, 2018 Superdry shares plunged seven per cent this morning following damaging brokers' notes and criticism from co-founder Julian Dunkerton. Analysts Berenberg downgraded its stance on the retailer to 'hold' and cut its earnings forecast for 2019-21 ahead of the company's half yearly results tomorrow. It comes just a day after Dunkerton, who quit the business earlier this [...]
Winter is coming: Superdry looks to colder months after cautious first half November 8, 2018 Fresh from issuing a profit warning last month, British fashion group Superdry reiterated its weather woes this morning after saying that it had yet to see a sustained period of normal conditions, despite enjoying a second-quarter bump in sales. The FTSE 250 firm saw shares fall by over six per cent in early trading despite brand [...]
Take me back says Superdry founder as he slams clothing company’s ‘disastrous eight months’ October 21, 2018 Superdry's co-founder has said the business is being led in the wrong direction after a poor start to the year which has seen shares plunge. Julian Dunkerton, who left the clothes store’s board in March, said he wants to return to help the struggling businesses fortunes after a “disastrous eight months.” Read more: Superdry shares [...]
Shares in Asos soar on news of boosted profits and revenue October 17, 2018 Shares in online fashion giant Asos soared 15 per cent this morning as it revealed profits were up 28 per cent and sales grew by 26 per cent during a "record year" of investment. Revenue at the retailer was £2.4bn in the year to August 2018, up from £1.9bn in the previous year, while profit before tax grew from [...]