SuperGroup had successful year and wants to expand | RetailDetail

SuperGroup had successful year and wants to expand

SuperGroup had successful year and wants to expand

SuperGroup, SuperDry's parent company, has released its full fiscal year numbers and has revealed its turnover has grown 19.6 % to 430.9 million pounds (542.4 million euro).

New distribution centre

Retail turnover growth (+ 17.7 %) and wholesale turnover growth (+ 23.3 %) contributed most to the group's total turnover growth with like-for-like retail turnover up 3.2 %. Profit before taxes grew 18.8 % to 62 million pounds (78 million euro).

 

"We have delivered a solid performance over the past year, with profits up 19 percent, whilst managing the transition to our new distribution centre and the implementation of the merchandising management system", CEO Julian Dunkerton said.

 

SuperGroup has invested a lot in the past fiscal year into expanding the number of stores on the European mainland with another 18 % more store space. It now has nearly 60,000 sqm in Europe and the United Kingdom combined. It has also opened an American and Chinese website, which means the chain now has websites in 15 countries.

 

"International growth opportunities will provide the major sources of expansion for the group. Whilst the growth opportunities are wide-ranging, the challenges for SuperGroup are to ensure that the attractiveness of the Superdry brand for its customers is maintained and that high-quality execution is sustained as the business expands and develops", chairman Peter Bramford said about the brand's future.

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