London Report: FTSE in slight slip but Asos crashes on Aim June 5, 2014 THE FTSE 100 yesterday ended lower, as the country’s equities were hit by a stronger pound in the wake of a round of aggressive stimulus measures from the European Central Bank. As the ECB cut its main lending rate to 0.15 per cent from 0.25 per cent – and the interest rate on its deposit [...]
Fat Face: Great clothes for those “settled” in life May 1, 2014 A regulatory filing from fashion chain Fat Face inlcudes one feature we wouldn't expect. When discussing their customers, the company states that its customers are relatively "settled". The lifestyle brand seems to be pitching itself as somewhere for those who've basically given on being stylish. They say they're "generally not focused on 'high' fashion". Instead [...]
Superdry boss says Germany to overtake UK February 6, 2014 SUPERGROUP chief executive Julian Dunkerton yesterday laid out his ambitions for the fashion retailer’s German business to overtake its home market, as it revealed a 22 per cent jump in third quarter sales to £141m. Dunkerton said the Superdry owner will be shifting its focus away from the UK towards international expansion and that around [...]
Best of the Brokers for 4 February 2014 February 3, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com SUPERGROUP Cantor Fitzgerald has raised its target price for the owner of the Superdry fashion label to 1,650p from 1,400p and kepts its “buy” recommendation. The broker expects the retailer to report third quarter like-for-like sales growth of three per cent and retail [...]
Superdry owner outperforms rival retailers December 12, 2013 SUPERGROUP chief executive Julian Dunkerton said the success of its fashion brand this year had “left rivals behind” as the company reported a 21 per cent jump in sales in the first half to £192m. Dunkerton, who founded the business almost 30 years ago, said the company had reached a “turning point” where it had [...]
Supergroup boss Dunkerton is right to be confident as sales jump by over 20pc December 12, 2013 In July, Supergroup boss Julian Dunkerton took great pride in the turnaround he's achieved at the head of the company. "Where there were doubters, now there are none," he said, hailing a "return to form". Today's results show that he's yet again earned that confidence – as Supergroup's sales for the 26 weeks to 27 [...]
Supergroup’s overseas online sales beat UK November 7, 2013 SUPERGROUP’S overseas online business has leapfrogged its home market for the first time, the fashion retailer said yesterday after posting forecast-beating second quarter figures. The owner of the Superdry label said its focus on better quality clothing and on broadening its products range had helped boost its appeal and lift sales by 18.5 per cent [...]
Bumper sales for Superdry owner Supergroup November 7, 2013 Fashion retailer Supergroup has announced more cracking results this morning with an 18.5 per cent increase in second quarter sales to £116.6m. This takes first half sales to £191.6m, a rise of 21.1 per cent from last year. The company said the boost was due to a strong trading performance, in line with managers' expectations. [...]
Heroic leap in sales for retailer Supergroup September 5, 2013 SUPERGROUP, the company behind the Superdry fashion label, reported a leap in first quarter sales yesterday thanks to overseas expansion and strong demand for its autumn and winter collections. Shares jumped 5.87 per cent as the retailer posted group sales of £75m in the 13 weeks to 28 July, up 25.7 per cent on the [...]
Supergroup to launch its first stores in Turkey August 22, 2013 SUPERGROUP, the company behind the Superdry fashion label, is to make its first foray into Turkey after signing a deal with a local franchise partner to open stores in the country. The popular clothing brand, whose celebrity fans include Real Madrid goalkeeper Iker Casillas and singer Ed Sheeran, announced yesterday that it has signed a [...]