FTSE 100 down as blue chip Burberry leads fallers September 11, 2012 The leading share index opened down this morning, tracking falls in the US and Asia, as investors waited for key decisions over European Central Bank bond buying and US quantitative easing. Fashion retailer Burberry led the fallers, down almost 19 per cent as the firm warned of a sales slowdown. It said annual profit would [...]
SuperGroup dealt blow as co-founder resigns August 14, 2012 SUPERGROUP, the company behind the cult fashion label Superdry, said yesterday its co-founder Theo Karpathios has quit “to take on new challenges”. Shares in the company, which has been recovering from a tough year, fell as much as 2.7 per cent in early morning trading yesterday, before closing down 1.6 per cent. Karpathios, who was [...]
Supergroup in bullish mood as it eyes growth July 12, 2012 SUPERGROUP chief executive Julian Dunkerton said yesterday he was looking forward to a “new dawn” for the company, insisting it had drawn a line under operational errors that sparked three profit warnings last year. Shares in the fashion retailer, down 62 per cent over the year, perked up 16 per cent yesterday after it met [...]
SuperGroup profit falls July 12, 2012 SuperGroup, the company behind the Superdry fashion label, posted a 15 per cent fall in 2011-12 underlying profit, reflecting a year when it lurched from one crisis to another. “Despite the backdrop, the Superdry brand remains strong and I am encouraged by the potential for our 2013 ranges,” Chief Executive Julian Dunkerton said. The firm, [...]
Fourth quarter disappoints for Superdry brand May 10, 2012 JULIAN DUNKERTON, chief executive of SuperGroup, yesterday insisted the brand remained strong and “was looking forward to the future” after reporting disappointing fourth quarter sales. The owner of the SuperDry fashion label posted flat like-for-like sales in the 13 weeks to 29 April, blaming challenging retail conditions and poor weather in April. Last month SuperGroup [...]
SuperGroup warns on profit April 20, 2012 SuperGroup, the British company behind the Superdry fashion brand, warned on year profit again, this time blaming “arithmetic errors” and timing issues in its wholesale business as well as lower margins in its retail business. The firm, whose clothes are a favourite of celebrities such as David Beckham, Leonardo DiCaprio and Zac Efron, said on [...]
Given takes up her new role at SuperGroup April 10, 2012 RETAIL veteran Susanne Given took up the newly created role of chief operating officer at SuperGroup yesterday as the fashion house looks to strengthen its management team and boost its presence overseas. The owner of the Superdry fashion label has had a turbulent stock market performance since its successful flotation in 2010. It has been [...]
SuperGroup shakes up team at the top March 20, 2012 SUPERGROUP has added two new executives to its board as the fashion house looks to strengthen its management team and expand its presence overseas. The company behind the Superdry brand said that Susanne Given, formerly John Lewis’ director of fashion and beauty, will take up the newly created role of chief operating officer next month. [...]
Supergroup shocks with profit warning February 8, 2012 SUPERGROUP, the owner of fashion label Superdry, surprised the City yesterday after it warned that a slowdown in sales meant full-year profits would be at the bottom end of expectations. The retailer said that after a solid Christmas trading period, with like-for-like sales up 9.3 per cent in December, “there has been a slowdown in [...]
Supergroup posts robust sales growth January 11, 2012 SUPERGROUP, the company behind Superdry fashion label, has reported robust trading during the Christmas period as it held off from discounting its clothing and put warehousing problems firmly behind it. The group, which has expanded to 70 stores in the UK including a new store opening on Regent Street, said like-for-like sales increased by 5.8 [...]