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Tag: Superdry

Superdry and Joules issue profit warnings after tough Christmas | Business

The fashion brands Superdry and Joules have warned that profits will fall significantly below expectations after a tough Christmas. Shares in both companies crashed after the warnings, the latest in a series of grim trading statements from the retail sector – Superdry by 22%, to 368p, and Joules by 33%, to a new low of …

Superdry and Joules issue profit warnings after tough Christmas | BusinessRead More

Superdry warns of tough Christmas amid accounting error | Business

Superdry has warned of a difficult Christmas for retailers as the fashion chain fell into the red and confessed to a near-£4m accounting error. The company flagged an “isolated error totalling £3.9m” related to stock handling costs as it reported a first-half loss of £4.2m, down from a £26.4m profit a year ago. Sales slumped …

Superdry warns of tough Christmas amid accounting error | BusinessRead More

Superdry reports steep sales drop after founder retakes helm | Business

Seven months after the founder of Superdry forced his way back into the fashion business it has reported a steep fall in sales but said its profit margins were starting to recover as it ended widespread discounting. Sales tumbled by more than 11% in the first half of its financial year as Julian Dunkerton retook …

Superdry reports steep sales drop after founder retakes helm | BusinessRead More

CBI is wrong to see cost as big issue in Labour’s nationalisation plans | Nils Pratley | Business

The Confederation of British Industry is barking up the wrong tree when it howls about the “eye-watering” cost of Labour’s nationalisation plans, which it puts at almost £200bn. Of all the arguments against nationalisation – and there are many strong ones – the claimed upfront cost is the weakest. The CBI skips over the fact …

CBI is wrong to see cost as big issue in Labour’s nationalisation plans | Nils Pratley | BusinessRead More