Magazines
Newsletter
Advertise
Search
The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine July 2024
Read now
PICK YOUR EDITION

Store revenues recover at Superdry as we all head to the mall to shop again

The Business Magazine article image for: Store revenues recover at Superdry as we all head to the mall to shop again
13 May 2022

Store revenues have recovered at fashion retailer Superdry which reported revenues up up 59.8 per cent year-on-year, as as it circled enforced covid closures and restrictions were lifted in key markets, but it revealed that footfall remains significantly below pre-Covid levels.

But that came at the expense of e-commerce revenues which decreased 24 per cent year-on-year, reflecting an element of channel shift back to physical trading and reduced promotional activity, in line with its determination to get customers paying full price for goods.

Come-back kid and Superdry CEO, Julian Dunkerton, said: “We continue to execute our strategy of returning the Superdry brand to a premium position and I am excited by the progress we are making. Despite the ongoing tough trading conditions and turmoil in the market, our focus on full price trading will deliver a strong gross margin improvement for FY22.

"We are conscious of the cost-of-living pressures on consumers, meaning that now, more than ever, we must continue to deliver product that stands for what is important to them: quality, style and sustainability at great value.

"As we head into FY23 we remain cautious on the macroeconomic outlook and the impact of inflation but are confident that our strategy is positioning the brand for future success.”


Share 

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

Latest deal ticket

All deals

Events

All events

Related news


Group Titles

Dorset BIZ NewsHampshire BIZ News
crossmenu