Home / Knowledge / News / Apparel/Garments / SuperGroup Q4 FY'13 sales rise 15.3%
SuperGroup Q4 FY'13 sales rise 15.3%
09
May '13
SuperGroup Plc provides a trading update covering the 13 and 52 week periods to 28 April 2013.

Group

A solid trading performance in the final quarter of the year leaves the Group well placed to deliver underlying profit before tax in line with market expectations.

Total Group sales for the quarter have increased by 15.3% to £86.8m and in the 52 weeks to 28 April 2013 by 14.7% to £360.1m.

Retail division

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. Like-for-like sales for the quarter were up 5.0% and in the year to date +6.9%. Total sales growth for the full year is 18.3%.

The Group opened 28,000 square feet in the quarter, including the 16,000 square feet northern flagship store at Leeds Trinity and one store in Paris. During the year the Group added a total of 66,000 square feet and the owned portfolio now stands at 113 stores trading from 537,000 square feet.

Wholesale division

Wholesale sales for the 13-week period were £43.0m, +20.2% on the prior year. For the full year sales growth was up 9.2% and continues to be driven by strong international demand for the brand.

The portfolio of franchised locations has increased by a net 5 during the quarter to 144, with stores opened in France, Spain, Denmark, India and Lebanon, with stores closing in Italy and Jordan.

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.”

SuperGroup

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search