Supergroup benefits from excellent Christmas sales | RetailDetail

Supergroup benefits from excellent Christmas sales

Supergroup benefits from excellent Christmas sales

Supergroup's fall sales were rather disappointing because of the warm weather, but SuperDry's parent company has had an excellent Christmas sales period.

On target to reach its goals

In the first half of its fiscal year, SuperGroup's like-for-like turnover dropped 4.2 % while its profit even dropped 30 % in that same period.

 

Its third quarter performance, leading up to 10 January 2015, was positive once more. Its like-for-like turnover grew 12.4 % and its total retail turnover grew 17.8 %. SuperGroup's sales received a welcome boost in its third quarter thanks to the cold weather and targeted promotions.

 

"Whilst there are still 15 weeks of trading remaining in the current financial year, this performance underpins confidence in the group's expected profit outcome for the full year of 60-65 million pounds", SuperGroup said in a statement. Last year, SuperGroup managed an EBITDA 62 million pound (80 million euro) profit.

Questions or comments? Please feel free to contact the editors


Analysis: six reasons major brands are under pressure

17/05/2018

Global brands are increasingly struggling to ward off smaller, local companies. Some even believe the brands’ golden age has passed. That may be presumptuous, but there are some noticeable trends.

Coca-Cola is still strongest global brands, but local brands are on the rise

17/05/2018

Coca-Cola, Colgate and Maggi are the most popular FMCG brands worldwide, according to a Kantar Worldpanel report. Local brands are stealing market share however.

HelloFresh increases turnover forecast

14/05/2018

Mealbox delivery service HelloFresh has increased its 2018 forecast: the German company now expects a 35 % growth, up from its previous 30 % increase forecast. Positive results in the United States, which has become the company’s main market, were the main reason for its adjustment.

Brussels bio chain Färm keeps expanding

14/05/2018

Färm, a bio store chain from Brussels, is supporting a planned expansion with a crowd funding campaign. The chain aims to open its biggest store so far in the North of the European capital, extending its services with a bakery in the store. 

More profit from smaller volumes for AB InBev

09/05/2018

Despite AB InBev’s beer sales dropping 0.2 % in the first quarter, the Belgian-Brazilian beer giant did generate a turnover increase and a gross profit above expectations.

Ahold Delhaize mainly grows online

09/05/2018

Belgian-Dutch merger group Ahold Delhaize has had a decent first quarter, thanks to a Belgian turnaround, a good performance in the United States and strong online growth. Unfavourable exchange rates did spoil the party somewhat.