Home / Knowledge / News / Apparel/Garments / Wholesale drives Q1 SuperGroup revenues
Wholesale drives Q1 SuperGroup revenues
06
Sep '14
Driven by over a 20% rise in wholesale sales, revenues ascended 15.9% year-on-year at UK-based SuperGroup Plc, which manages the Superdry fashion brand in its first fiscal quarter ended July 26, 2014.

SuperGroup said that during the first fiscal quarter, it continued to deliver double-digit sales growth across all its primary channels resulting in total sales for the period increasing by 15.9% to £87 million from the first fiscal quarter of 2013.

It added that the Group’s new retail warehousing operation and merchandising management system are performing to plan, underpinning the growth strategy.

Division wise, retail sales in the first fiscal quarter were up 13.6% from a year earlier to reach £60.4 million. “As anticipated”, SuperGroup admitted, “like-for-like sales in the first fiscal quarter were down 3.7% against a very strong hike of 8.5% the company reported in the first quarter last year.”

According to SuperGroup, like-for-like performance continued to be affected by the issues that impacted the fourth quarter, which included shortages of key spring summer lines and a highly competitive market place.

It added, “In line with our growth strategy, new store openings were predominantly in mainland Europe and we added a net 13,000 square feet to our portfolio in the quarter, including a large-format store in Marseille and a smaller one in the Alpine resort of Kitzbuhel, Austria.”

The new store pipeline remains strong, Super Group said, especially in Germany where 6 stores, including the German flagship in Munich, are due to open before the close of the calendar year.

The wholesale division posted a massive hike of 21.6% in first quarter of 2014 sales to touch £26.6 million.

SuperGroup said, “The order book for A/W 2014-15 has now closed and initial indications are that orders have increased by 10%, against tough comparatives”.

“The quantum of orders is in line with expectations and this is the fourth consecutive season of double-digit growth, with overseas orders outperforming the more mature UK market”, it added.

SuperGroup continued to extend the global reach of its Superdry brand, having opened further franchise stores in France, Spain, Portugal, Taiwan, Philippines and Malaysia during the quarter under review.

CEO Julian Dunkerton said, “With our strong pipeline of new stores, particularly in mainland Europe, the continued evolution of the ranges and our improved infrastructure we remain confident that we have the platform to deliver profitable growth in the current year.”

Since the first Superdry store opening in 2004, SuperGroup has grown rapidly and now operates 526 branded locations of which there are 96 owned stores and 64 concessions in the UK. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Bangladesh garment exports rise 7.46% in July-Nov '17

Apparel/Garments | On 11th Dec 2017

Bangladesh garment exports rise 7.46% in July-Nov '17

Readymade garment exports from Bangladesh increased 7.46 per cent in...

Karl Mayer opens new workshop in Vietnam

Textiles | On 11th Dec 2017

Karl Mayer opens new workshop in Vietnam

Karl Mayer, Germany’s leading textile machinery firm, has announced...

Cotton USA promotes cotton at TITAS Taiwan tradeshow

Textiles | On 11th Dec 2017

Cotton USA promotes cotton at TITAS Taiwan tradeshow

Cotton USA, which promotes US cotton fibre and manufactured cotton...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Prathyusha Garimella
Prathyusha Garimella

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search