Company
Superdry PLC
LON:SDRY
SuperDry (previously SuperGroup PLC) is a distinctive branded UK fashion retailer offering quality clothing and accessories. It operates a multi-channel business through a combination of Cult and Superdry standalone stores, Superdry concessions, e-Commerce and its UK and International Wholesale operations.
127 stories · page 1 of 2
Archive
FTSE 100 Live: Stocks close little changed as early promise fades
The FTSE 100 closed down 2.35 points at 7,632.74
Archive
FIVE at FIVE: Red Sea oil impact; FTSE 100 up; Asda finances fine; Superdry warns again; Nuclear fusion success
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Archive
FTSE 100 Live: Stocks buoyed by bright start in New York
At the close, London's blue chip index was up 23.55 points, 0.3%, at 7,638.03 while the FTSE 250 was up 95.43 points, 0.5%, at 19,315.98
FIVE at FIVE: Tesco profits; HS2, smoking and other Sunak pledges; FTSE 100 down; London IPOs; Superdry deal
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Superdry chief joins M&S and Next bosses in Brexit revision call
Superdry boss Julian Dunkerton wants an EU trade deal
Superdry rating downgraded after good run for shares
“Superdry has made a good start to its turnaround strategy, with a better product offering and improving social media metrics”
Archive
FTSE 100 closes higher as traders cheer US inflation data
Britain's blue-chip benchmark finished ahead by almost 57 points, or 0.76%, at 7,502
Superdry 'a top pick' for next year says Liberum
A strong recovery in 2022, with revenues up 10% a return to profit is proof that the strategy is working, said the broker
Superdry surges as it returns to profit on strong sales and strategic progress
The company has made an encouraging start to full-year 2023, with revenue up 7% in the first 22 weeks
Superdry says focus on full-price sales offsetting slump in online sales
Superdry reported 8% jump in group revenue for full fiscal year and 17% jump in fourth quarter revenue
Superdry tests products on influencers as it aims to become increasingly important
Superdry has increased the number of influencers on its payroll from 200 to 2000 in the last 12 months
Superdry optimistic profit targets are achievable despite inflation concerns
Profit before tax for the clothing retailer stood at £4mln in the six months to 23 October 2021
Superdry optimistic on outlook despite half-year sales slide
Founder and chief executive Julian Dunkerton said the clothing retailer is recovering well from the COVID-19 pandemic and the Autumn/Winter 2021 started strongly
Superdry sees a recovery in revenues as trading in stores improves
Market expectations for full-year profits are expected to remain unchanged due to increased costs
Superdry strategy should drive very exciting growth prospects, says broker
The faux-Japanese fashion designer is expected to return to profit in the current financial year
Superdry posts small sales rise after stores reopen
Quarterly revenue inched up 1% but full-year figures were still down 21% compared with last year
Superdry appoints serial board member as new chairman
Peter Sjölander is replacing Peter Williams, who announced his departure in December amid a board reshuffle
Superdry ploughs on with 72% of stores closed after half-year losses increased by four-fold
The clothier expects to remain net cash positive but lost sales will weigh on full-year results
Superdry, Dixons Carphone offer valuable prospects in new year despite lockdown woes, says broker
Similarly, analysts at Peel Hunt look at companies with an accelerating active customer base
Superdry in board reshuffle as founder becomes permanent chief executive, chairman to leave
Julian Dunkerton rejoined the fashion firm last year as an interim boss after a brief stint away from the board
Superdry downgraded to ‘sector perform’ by RBC over strategy execution risk
According to analysts, Superdry is pursuing broadly the right recovery strategy for the brand
Superdry pins hopes on online Black Friday sales amid forced closures
Margins are expected to remain under pressure due to promotional activity
Superdry appoints retail veteran as interim chief financial officer
Benedict Smith is replacing Nick Gresham, who stepped down last month
Superdry gets upgrade as broker impressed by new clothing designs
All parts of the clothing range “have moved the collection on”, with the branding on the sophisticated & minimal range “so minimal as to be virtually invisible”, analyst John Stevenson said
Superdry says chief financial officer, Nick Gresham has jumped ship
Gresham joined the fashion retailer’s board in June 2019 first as an interim chief financial officer but then stayed on permanently
Superdry cautious on outlook after sales dip further in late summer
In the 20 weeks to September 12, group revenue slipped 27% compared to last year
Superdry bolsters balance sheet as trading remains subdued
Current trading in the first quarter was better than initial expectations, but Covid-19 materially impacted the performance
Superdry faces new activist investor making positive noises
“We look forward to discussing our views further with the board, management, and other shareholders over the coming months,” the new investor said
Superdry dissolves joint venture in China to focus on wholesale and online
Julian Dunkerton, Superdry's chief executive said: “I believe that China represents a huge opportunity for Superdry in the longer term"
Superdry a ‘buy’ again for Liberum with recovery in sight
The broker expects sales and underlying earnings to grow by 4.2% and 84% respectively over the next two years
Superdry to reopen half of its European stores by June
Online revenues nearly doubled in the last month but only offset one third of the lost store sales
Superdry says it does not expect online sales to offset store losses as coronavius bites
The retailer has dropped guidance for 2020 as it implements store closures
Superdry sinks further underwater despite RBC upgrade
The jackets-maker warned last week that underlying profits come in anywhere between zero and £10mln
City analysts and Twitter users agree that Superdry has problems
With the retailer trending on Twitter, there was a stream of useful feedback for founder Julian Dunkerton
Superdry hit by 'unprecedented' price cutting on high street
"Our disciplined plan to reinvigorate the brand and return Superdry to sustainable long-term growth is on track"
Superdry nervous to face highly promotional and competitive high street over Christmas
The clothing brand booked a £4.2mln loss before tax in the six months to 26 October, as founder Julian Dunkerton began a strategy reset to keep price tags intact and grow margins
Archive
FTSE 100 ends modestly lower as late rally curtailed; sterling still resillient
At the close, the UK blue-chip index was down 5.76 points, or 0.1% at 7,233.90, have fallen back from a session peak of 7,255.73
Superdry full-price strategy hits sales but profit margins surge
The intact price tags have expectedly hit half-year group revenue, which dropped 11% year-on-year to £368mln, although store gross margin was up
Superdry founder Julian Dunkerton holds onto CEO role, for now
His departure, which saw him walk away from the board in 2018, was blamed on a “fundamental disagreement” about design and expansion strategy
Superdry interim CFO Nick Gresham takes up role permanently
The news comes after founder Julian Dunkerton returned to the retailer in April following a six-month boardroom battle that saw most of its directors leave.
Ted Baker and Superdry are 'not irrelevant' brands and Morgan Stanley sees value
While the shift to online continues to pose challenges for traditional retailers, neither Ted Baker nor Superdry is burdened by onerous property leases
Superdry swings to a massive loss as it writes down value of retail estate
Superdry has written down the value of its stores by £42.6mln, while it has taken an £86.9mln onerous lease provision charge
Archive
FTSE 100 closes lower as traders mull Fed testimony
The UK's premier share index finished down over five points lower at 7,530,
Archive
Barratt leads busy Wednesday for company news, UK GDP and Fed minutes dominate macro
The mid-week schedule also includes results and updates from a collection of mid-cap firms including SuperDry, Wetherspoons and Dunelm
Investments and investor services
FTSE 100 closes a tad lower as traders are not sure which way to jump
The UK's premier share index finished nearly four points lower at 7,549
Archive
Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
Superdry postpones annual results after profit warning and boardroom exodus
The retailer will post its annual results on July 10, instead of July 4 as previously planned.
Superdry appoints interim CFO after founder's return sparks boardroom mass exodus
Liberum analysts raised their recommendation on Superdry to ‘buy’ from ‘hold’ and lifted its target price on the shares to 600p from 500p.
Superdry warns on profits as returning boss says it “will take time” for turnaround plan to bear fruit
Julian Dunkerton was only re-elected five weeks ago, but he has already identified a number of "immediate opportunities" to re-energise the company he founded
Investments and investor services
FTSE 100 closes in the red as markets sink on growing trade war fears
In Europe, the German DAX tanked 206 points, while the French CAC 40 is down around 104
Archive
BT Group will be in City spotlight on busiest day of the short week
Thursday's preview includes BT Group, Superdry, Morrisons, Barratt Developments, and RSA Insurance.
Will Julian Dunkerton prove to be the UK’s answer to Steve Jobs?
Nobody is suggesting that Superdry will go on to be the biggest company in the world, but can its founder’s return signal a reversal in fortunes?
Superdry slumps as management quit en masse following Dunkerton re-election
In a statement after the close on Tuesday, the company said incumbent CEO Euan Sutherland, chairman Peter Bamford, chief financial officer Ed Barker and remuneration committee chairman Penny Hughes had all resigned with immediate effect
Archive
FTSE 100 closes up as rally continues but US shares lag
A bad day for sterling but a good day for blue-chip equities
Superdry founder Julian Dunkerton re-elected by wafer-thin margin
At an emergency general meeting held at 11.30am on Tuesday, shareholders approved Dunkerton's return in a vote of 50.75% in favour and 49.25% against
Superdry founder Julian Dunkerton vows not to sell stake if he is voted back on the board
Dunkerton and Boohoo chair Peter Williams have requisitioned a general meeting, where they will ask shareholders to vote them on to the Superdry board
Superdry slams co-founder Julian Dunkerton as it sets date for vote on his proposed return
Julian Dunkerton left Superdry last spring but wants shareholders to vote him back onto the board after a string of profit warnings
Superdry looking to cut about 20% of jobs at its head office as struggling fashion brand attempts to rein in costs
The Guardian quoted a spokeswoman for Superdry, who confirmed: “We have embarked on a cost transformation programme. As part of that, we have started a process of consultation with colleagues about how it will impact our central head office
Superdry founder Julian Dunkerton convenes investor meeting in plot to return to board
Dunkerton and co-founder James Holder, who collectively control around 29% of the company’s shares, said they would put forth resolutions to re-appoint Dunkerton to the board as well as Peter Williams, the chairman of online fashion retaile
Superdry blames “unseasonably warm” weather once again as Q3 sales fall
Superdry is particularly sensitive to the weather as jackets and hoodies make up the bulk of its annual sales
Archive
FTSE 100 joins global equity markets to close lower
The UK index of leading shares closed down over 79 points to 7,093, while the FTSE 250 lost over 274 points at 18,799
Archive
Bank of England’s first “Super Thursday” of 2019 expected to be a bit of a damp squib amid Brexit uncertainty
Aside from the Bank of England's latest pronouncements, investors will have updates from the likes of Thomas Cook, Smith & Nephew, Compass Group and Superdry to digest on Thursday
Archive
Bank of England's 'Super Thursday' and slew of corporate earnings eyed as Chinese New Year begins
The week ahead includes updates from Thomas Cook, Superdry, Ryanair and Tate & Lyle, among others.
Superdry appoints former Nike executive as chief creative chief to assist in turnaround plan
Former Nike executive Phil Dickinson will take up his new role at Superdry on Tuesday
Superdry says new chief product officer, Brigitte Danielmeyer to leave the role for personal reasons
Danielmeyer, formerly Tommy Hilfiger’s global head of womenswear, only joined the under-pressure fashion retailer in September last year at the same time as it launched a ‘fast-fashion’ range
UBS starts SuperDry with ‘neutral’ rating, 500p target, thinks shares look “fairly valued” versus regression for European peers
The Swiss bank’s analysts said they see limited upside potential to market expectations even with Superdry's price/earnings having de-rated from 16x to 7.5x in the year-to-date
John Lewis bucks retail gloom as weekly clothes sales jump
Asos’ profit warning on Monday panicked the whole sector but John Lewis’ buoyant weekly figures have given investors some hope
Franco Manca and Real Greek owner Fulham Shore rallies after solid first-half results
Some of the main news-driven risers and fallers in London on Wednesday...
Superdry shares plunge as it issues profit warning after 'warm weather' hurts trading
Superdry posted a 49% drop in underlying pre-tax profit for the first half
FTSE 100 closes higher on speculation Prime Minister May will survive Brexit-related no-confidence vote
The benchmark index also gets a boost from optimism over US-China trade talks
Archive
Stricter regulation and margin hit from e-cigarette switch to weigh on BAT trading update
Aside from the blue-chip tobacco firm, the day ahead will also bring updates from retailers Dixons Carphone and Superdry, plus US inflation numbers
Superdry’s new strategy ‘clearly not delivering’, says Liberum
“The brand has the flexibility and identity to truly capture the global online opportunity and should be doing much better than it is. In order for this to happen it is time for a strategic rethink.”