86 096
Fashion Jobs
RALPH LAUREN
Associate Manager
Permanent · HERSHEY
A & F
Abercrombie & Fitch - Assistant Manager, International Market Place
Permanent · HONOLULU
A & F
Hollister CO. - Brand Representative, Galleria at Tyler
Permanent · RIVERSIDE
FOOT LOCKER
Director of Safety (Supply Chain)
Permanent · CAMP HILL
LEE
PT Keyholder, Estero, FL
Permanent · ESTERO
URBN
Free People: Merchandise Planning Manager
Permanent · PHILADELPHIA
URBN
Free People: Senior Merchandise Planner
Permanent · PHILADELPHIA
KOHLS
Operations Supervisor - Weekend Overnights
Permanent · EDGEWOOD
KOHLS
Full-Time Loss Prevention Officer
Permanent · SOUTH BURLINGTON
ADIDAS
Key Account Manager: Athletic Footwear
Permanent · PITTSBURGH
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · GOSHEN
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · NAPLES
KOHLS
Shift Leader/Operations Manager - Weekend Night Shift
Permanent · PATASKALA
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader (Part-Time) - us
Permanent · POOLER
AMERICAN EAGLE OUTFITTERS
ae - Merchandise Leader (Part-Time) - us
Permanent · MURFREESBORO
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader - us
Permanent · KAPOLEI
NAVY EXCHANGE
Buyer (Level i) - Beauty Care
Permanent · VIRGINIA BEACH
NAVY EXCHANGE
Buyer (Level i) - Pet
Permanent · VIRGINIA BEACH
GAP INC.
Asset Protection Service Representative - Harlem Usa
Permanent · NEW YORK
GAP INC.
Asset Protection Coordinator - Mount Vernon Plaza
Permanent · ALEXANDRIA
BANANA REPUBLIC
Associate Art Director, Photo Studio
Permanent · SAN FRANCISCO
ECCO
Third Keyholder
Permanent · SAN FRANCISCO
By
Reuters
Published
Feb 8, 2012
Reading time
2 minutes
Download
Download the article
Print
Text size

SuperGroup sales growth slows in January

By
Reuters
Published
Feb 8, 2012

LONDON - SuperGroup, the British company behind the Superdry fashion brand, forecast year profit towards the lower end of market expectations after sales growth at its stores slowed in January.

SuperGroup
SuperGroup plans on 50 store openings in foreign markets by April 2012 - Photo Superdry

The company, whose clothes are a favourite of celebrities such as David Beckham, Leonardo DiCaprio and Zac Efron, said on Wednesday sales of its trademark T-shirts, hooded tops, check shirts and jogging bottoms rose 4.4 percent at stores open over a year in the 13 weeks to Jan. 29, its fiscal third quarter.

"Following a solid Christmas trading period, which saw like-for-like retail sales (growth) of 9.3 percent in December, there has been a slowdown in the last three weeks of January," the firm said.

Prior to Wednesday's update analysts were forecasting a 2011-12 pretax profit of 50-54.1 million pounds ($79.4-$85.9 million).

The third-quarter stores outcome compared with a like-for-like sales fall of 3.3 percent in the second quarter when trading was hamstrung by the botched implementation of a warehouse IT system upgrade which left stores short of stock and sparked a profit warning.

SuperGroup, which trades from 76 British stores and 74 concessions, said total third-quarter sales rose 25.3 percent to 102.5 million pounds, with retail sales up 27.8 percent and wholesale sales up 17.8 percent.

"Whilst we continue to expand our retail, wholesale and internet businesses, our focus in the coming year will be on rolling out our new ranges in the UK and internationally and making improvements to the operational side of our business," said Chief Executive Julian Dunkerton.

SuperGroup was one of 2010's most successful stock market flotations. After listing at 500 pence 23 months ago, its shares rocketed to a high of 1,899 pence in February last year after a string of stellar sales figures.

But a poorly received fourth-quarter trading statement in May and October's profit alert prompted a dramatic reversal.

Its shares closed Tuesday at 703 pence, valuing the business at about 564 million pounds.

© Thomson Reuters 2024 All rights reserved.