Home / Knowledge / News / Apparel/Garments / SuperGroup Q4'FY14 retail sales lift 13.3% to £54.6m
SuperGroup Q4'FY14 retail sales lift 13.3% to £54.6m
09
May '14
SuperGroup Plc provides its quarter four interim management statement covering the period from 27 January to 26 April 2014.
 
Group
Total Group sales for the period have increased 12.4% to £97.8m. Whilst the Group experienced a more challenging Retail trading environment during the period, Wholesale has performed in line with the order book. The Group expects that due to the sales growth in the last period, profit for the full-year will be towards the lower end of consensus2. Importantly, the Group has successfully implemented its significant infrastructure projects whilst at the same time delivering total revenue growth for the financial year to 26 April 2014 of 19.6%. The Group has now passed the peak of its infrastructure investment and is well placed for the year ahead.
 
Retail division
Total Retail sales in the period were up 13.3% at £54.6m. Like-for-like sales3, affected by the late Easter and product mix, were down 3.1% but, adjusted for the impact of reduced eBay sales, are down 1.3%. The lower level of clearance activity through eBay has delivered an improved gross margin. For the full financial year, sales have grown 17.7% to £285.4m and cumulative like-for-like growth is +3.2%, (+4.4% on an underlying basis). The Group opened 100,000 square feet4 of new space, as planned, delivering year-on-year space growth of over 18%.
 
Wholesale division
Wholesale sales for the period increased 11.2% to £43.2m. This performance was impacted by the earlier phasing of sales falling into Q3. For the second half of the financial year, sales increased 22.0%, and rose 23.5% for the year as a whole. The Group has continued to extend the reach of the Superdry brand, having opened further franchised stores in France, India, Czech Republic, Italy and Indonesia.
 
Infrastructure
The merchandising management system was successfully launched at the end of March and the relocation of the Group’s retail warehousing operation is now complete. These projects have been concluded with minimal disruption. All Retail inventory, including e-commerce, is now being dispatched from the new distribution centre. The Group has now entered its second phase of planned investment which includes payroll, human resources, finance and a point of sale system. There will be an update on progress at the time of the preliminary results.
 
Julian Dunkerton, Chief Executive Officer, commented, “We have delivered a solid performance over the past year whilst managing a smooth transition to our new distribution centre and the implementation of the merchandising management system. The reaction to our autumn/winter 2014/15 collections is encouraging and, with a strong pipeline of new stores, particularly in mainland Europe, positions us well for the year ahead. The strength of the Superdry brand and the investment we have made in our teams leaves me confident in our ability to deliver the growth strategy.”
 
Click here to view full results.
 

SuperGroup Plc

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Mike Hoffman
Gildan Activewear SRL

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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
March 2017

March 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