SuperGroup stuns investors with operations chief’s swift extraction February 12, 2015 THE OWNER of the Superdry clothing brand SuperGroup was hit during early trading yesterday after its operations chief Susanne Given’s shock departure from the firm. SuperGroup said her role would be “absorbed by the executive team”, with the heads of UK retail, IT and logistics reporting directly to CEO Euan Sutherland. In October Superdry founder [...]
SuperGroup share price falls after surprise exit of chief operating officer Susanne Given February 12, 2015 SuperGroup's share price fell this morning after it revealed chief operating officer Susanne Given has left the company. Her role is being made redundant, with SuperGroup saying her responsibilities would be “absorbed by the executive team”, so the heads of UK retail, IT and logistics will report directly into chief executive Euan Sutherland. [...]
Developers confirm a start date for £440m Westgate Oxford shopping area February 9, 2015 Developers have confirmed that construction on a £440m Westgate Oxford retail and leisure scheme will start in spring, after four years of planning. The Westgate Oxford Alliance, a joint venture between Land Securities and The Crown Estate, said the new 800,000 square foot development will expand the existing Westgate in Oxford city centre by adding [...]
Best of the Brokers for 10 February 2015 February 9, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com SUPERGROUP Cantor Fitzgerald reiterated its “buy” rating on the clothing firm, and said the company was continuing to develop and broaden its ranges, which are “now recognised as premium product at competitive prices”. The broker added that “the toning down of the Superdry [...]
Supergroup shares surge after cold winter snap boosts demand January 14, 2015 SUPERGROUP’S shares surged yesterday as the owner of the Superdry fashion label said sales had rebounded over Christmas, helped by the onset of the cold winter weather. In a trading statement released ahead of plan, the retailer said like-for-like sales jumped 12.4 per cent in the 11 weeks to 10 January as customers snapped up [...]
SuperGroup share price soars on strong Christmas figures January 14, 2015 SuperGroup's share price soared 7.5 per cent this morning, after the company revealed strong results for the 11-week Christmas trading period. The business, which owns the SuperDry brand, had a pretty impressive period up to January 10, with total retail sales up 17.8 per cent, while like-for-likes rose 12.4 per cent. Ecommerce was [...]
Guys just wanna have fun January 11, 2015 JLL’s boss tells Kasmira Jefford why his firm is anything but dull GUY Grainger has something he needs to get off his chest. It seems that some people might think that property and property advisory companies like JLL are, well, let’s say a little bit… dull. “People often say that to me and I think: [...]
Philip Clarke, Euan Sutherland and Dov Charney – the bosses who left us in 2014 December 19, 2014 This year has had its fair share of disasters – from the Co-op’s continued struggles to Tesco’s melting share price. But what of the people behind the stories? We’ve got the best, worst and most surprising people moves of the year. 1. Philip Clarke makes an unceremonious departure from Tesco Clarke stepped down at [...]
Supergroup boss upbeat on prospects despite profits slide December 11, 2014 SUPERGROUP boss Euan Sutherland has said it has drawn a line under its disappointing first half and is confident about its prospects for the rest of the year after September’s warm weather hurt profits. The owner of the Superdry brand said underlying pre-tax profits dropped 30 per cent to £12.5m in the six months to [...]
UK weather: Has this autumn been warmer than normal? Turns out October 2014 has been colder than the 20-year average October 31, 2014 Has this October really been “unseasonably warm”? This week two retailers have blamed the weather for poor sales. First up it was Next, which has become renowned for generally being so cautious on its guidance that it surprises on the upside. It was forced to lower its full year guidance, however, saying autumn had [...]