Julian Dunkerton, Chief Executive Officer of SuperGroup Plc, commented:
"Whilst sales have continued to grow substantially, this has been a disappointing year for the Group. We have faced challenges brought about by the rapid growth of our business which have been compounded by the volatile and adverse market conditions being experienced by all fashion retailers. Profits have, therefore, fallen short of expectations.
We have now strengthened our management team and I am pleased with the impact these changes are having on our efforts to improve our operational capability. Despite the backdrop, the Superdry brand remains strong and I am encouraged by the potential for our 2013 ranges. We are now committed to growing the Group in a controlled and measured way."
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