Superdry is in the midst of shutting eight of its 104 UK stores this year after the license owner of the stores decided to close its operations.
However, the clothing retailer stressed that the moved was not related to its cost-cutting measures revealed earlier in 2023.
A Superdry spokesperson explained: “We can confirm that eight stores operated by our franchisee under licence from Superdry, are in the process of closing.
“The majority of Superdry’s stores in the UK are operated directly by Superdry and there are no plans to close any of them at the present time”.
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The retailer has shut five of its shops since May, in Ipswich, Luton, Telford, and Lincoln and Stoke On Trent.
Three more store closures are planned in 2023, one in Bury St Edmunds, Suffolk, and the others in unconfirmed locations.
Back in March, the fashion brand revealed it had hired advisors to produce a cost-cutting plan, as it struggled to trade amid rising inflation.
The move came after Superdry saw its shares crash by more than a quarter over the year.
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