Home / Knowledge / News / Apparel/Garments / SuperGroup 39 weeks to Jan 26 sales escalate 21.7%
SuperGroup 39 weeks to Jan 26 sales escalate 21.7%
07
Feb '14
SuperGroup Plc provides an Interim Management Statement covering the 13 week and 39 week period to 26 January 2014.
 
Group
Total Group sales for the quarter have increased by 22.1% to £141.1m. For the 39 weeks to 26 January 2014 sales have increased by 21.7% to £333.2m. As a result of focusing on full-price trading during the quarter the margin gains achieved during the first half have been maintained, leaving the Group well placed to meet market expectations1 for the financial year.
 
Retail division
Total retail sales in the 13-week period were up 18.2% at £113.8m.  A cleaner stock position meant the Group did not need to repeat the eBay clearance activity of last Christmas which, whilst supressing top line sales this year, has helped to support margins. 
 
Like-for-like sales for the quarter were up 1.3% but, adjusted for the impact of eBay, are up 4.9%. Year-to-date sales have grown by 18.7% to £230.7m and cumulative like-for-like growth is +4.7% or +7.0% adjusting for eBay.
 
Nine standalone stores4 were opened during the quarter, two stores were relocated and, following the acquisition of the German agency operation, seven stores have been transferred from franchised to owned stores.  
 
The Group has opened 79,000 square feet in the year to date4 with a further 14,000 square feet trading from the acquired German stores.  Total space growth year-on-year is circa 24%. With a number of stores scheduled to open in the fourth quarter, the Group is likely to deliver around 100,000 square feet of new space for the full year.
 
Wholesale division
Wholesale sales for the 13-week period were £27.3m, +41.7% on the prior year. Year-to-date sales have increased by 29.0% to £102.4m. The significant growth during the quarter reflects a high proportion of spring/summer dispatches being made earlier than the comparable period last year. Underlying sales growth remains in line with the previously announced order book number of +26%.
 
During Q3 the Group opened 14 franchised stores, closed three, and as noted above transferred seven stores into the Retail estate.  Stores have opened in the following territories: France (2), Hong Kong (2), Latvia, Malaysia (2), Philippines (2), Spain (2), South Korea and Thailand (2).  Year-to-date the Group has opened 35 franchise stores, net of closures taking the total to 177.
 

SuperGroup

Must ReadView All

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Apparel/Garments | On 7th Dec 2016

Bangladesh RMG exports up 6.39% in July-Nov 2016

Readymade garment (RMG) exports from Bangladesh increased by 6.39 per ...

Courtesy: Fabindia

Apparel/Garments | On 7th Dec 2016

Infosys cofounder Nilekani invests in Fabindia

Through their family office Entrust, Infosys cofounder Nandan...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Steve Cole
Xerium Technologies

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search