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.

Questions or comments? Please feel free to contact the editors


Small Belgian brewery conquers Brazil thanks to playing cards

13/09/2017

Het Nest, a small brewery from Turnhout, will get its beers brewed in Brazil as well. It has struck a deal with Cervejaria Premium Paulista, which will brew and distribute the beers locally.

Price cuts drive 25 % more customers to Whole Foods

12/09/2017

Supermarket chain Whole Foods welcomed an additional 25 % of customers in the first few days following Amazon’s price cuts.

Ter Beke enters British food service industry

12/09/2017

Belgian food group Ter Beke has acquired a 90 % stake in British competitor KK Fine Foods for an undisclosed fee. The current shareholders hold onto the other 10 %.

Godiva wants to conquer the world through supermarkets

12/09/2017

Belgian praline brand Godiva will soon sell its chocolate in supermarkets all over the world after signing a deal with chains like Albert Heijn and Sainsbury’s. Previously, it sold nearly all its chocolate through its own store network.

Insight: Xavier Piesvaux' seven labours at Delhaize

10/09/2017

Can one French and several Dutch managers do what the Belgian management failed to do these past few years at Delhaize Belgium? Its new CEO will face plenty of challenges: we count at least seven.

Nestlé USA acquires food manufacturer Sweet Earth

08/09/2017

Nestlé USA has acquired American Sweet Earth for an undisclosed fee. The company mainly manufactures meat replacements, a rapidly-growing market, but also several frozen meals.

Back to top