SuperGroup's domestic & international roll-outs on track
08 Sep '11
1 min read
SuperGroup Plc, owner of the Superdry brand and one of the fastest growing international branded clothing companies reports on trading for the three months to 31 July 2011.
- Total Group sales up 66% to £54 million (2010: £33 million); - Retail sales up 51% to £34 million (2010: £22 million) with all channels growing; - Wholesale sales up 98% to £21 million (2010: £11 million), due to the increasing success and expansion of Superdry internationally; - UK roll-out is on track. Two standalone stores opened in the quarter bringing the total to 62, together with a small extension to Covent Garden. Since the quarter end two additional new stores have opened and the programme is set to accelerate in the period leading up to Christmas; - The Wholesale Division opened a further 10 Superdry stores in the first quarter bringing the total to 90;
Julian Dunkerton, Chief Executive Officer, commented: "We see continued growth across our business - in the UK, overseas and via our internet platform."Our domestic and international roll-outs are on track and we remain excited about the Group's future prospects. We are nevertheless operating in a difficult retail market which reflects the macro economic environment."
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