Superdry manufacturer posts promising growth
Gloucestershire-based SuperGroup plc, the makers of brands such as Superdry, have revealed a sales increase of 5% across the first quarter of 2013.
The international clothing specialist said total retail sales in the 13-week period were £43.8m, an increase of 10.9% on the comparable period last year and both the internet and the Group’s standalone stores performed well.
SuperGroup opened two flagship stores in the period, including a 16,000 sq ft store in Leeds Trinity shopping centre and an outlet in Paris.
Franchised stores also opened in Spain, Denmarck, Lebanon and India while there were closures in Italy and Jordon.
Julian Dunkerton, Chief Executive Officer, commented:“I am pleased that the fourth quarter has seen a good trading performance against the backdrop of a challenging market given the extended period of cold weather in early spring.
“We have delivered solid sales and profit growth this year at the same time as enhancing financial and operational processes. In addition we have made significant progress with developing our product ranges, especially the improvements in womenswear styling.
“After a year of consolidation, financial year 2014 will see the Group start to move back towards historic levels of space growth as it develops its European presence. The investments in I.T. and logistics will continue to secure and strengthen the business and, with further developments in our ranges planned, I am encouraged by the Group’s prospects.”
This was posted in Bdaily's Members' News section by Tom Keighley .
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