Connecting to LinkedIn...

Retail sales for Supergroup rise 78.6% in Q2


Fashion retailer Supergroup, owner of the popular Superdry brand, has posted a 68.4 per cent year-on-year rise in total group sales, according to second quarter results published today.

Group sales totalled £57.5 million whilst retail sales alone reached £32.1 million during the period - a 78.6 per cent increase compared to last year.

Wholesale sales rose 57 per cent during the three months to October 31st whilst the group opened eight new UK stores and its total store portfolio in the country now stands at 55.

Julian Dunkerton, CEO of Supergroup, commented: “These figures really demonstrate the solid progress we are making as a brand and as a retail company.

“The autumn range has been well received by the public and our roll-out is on track both in the UK and internationally.”

Internationally, 14 new concessions were opened during the period, including four in both France and Belgium, two in the USA (Los Angeles and San Francisco) and others in Sydney, Dubai and Seoul.

Supergroup plans to open new stores in Belgium, France, Australia, United Arab Emirates, Korea and the USA in the next few months.

The retailer today announced total group sales over the last six months rising 65.1 per cent to £54.7 million but full results for the company’s first half will be published on December 15th.

Published on Wednesday 10 November by Editorial Assistant

Articles similar to Supergroup

Articles similar to Fashion

comments powered by Disqus