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


Interviews View All

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Rahuul Jashnani, Jashn

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Top executives, Textile industry

Top executives
Textile industry

Sri Lanka has a good sustainable track record and strong stories to back it

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Jos Notermans,

Jos Notermans

SPGPrints is a global provider of integrated solutions for rotary screen...

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

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

Leave your Comments


September 2019

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

news category


Related Categories:

Advanced Search