Superdry clothing brand posts group revenue of £402 million

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Superdry
Superdry

Clothing brand Superdry has posted group revenue of £402 million for its fiscal half year 2018 results.

This marks an increase of 20.4 per cent from the £334 million experienced in 2017 for the Cheltenham-based group. It’s also been reported that wholesale revenue has increased from £118.8 million in 2017 to £159.3 million, an increase of 34.1 per cent.

Meanwhile, retail revenue was up 12.8 per cent at £242.7 million and store revenue increased from £168.7 million experienced in 2017, up 7.6 per cent year-on-year to £181.5 million.

Chief executive Euan Sutherland said: “Superdry has further strengthened its position as a global digital brand obsessed with quality and design.

“We have delivered another strong performance demonstrating the unique advantages and attractiveness of Superdry and its relevance to customers around the globe.

“Our growth through our eight channels to market has further diversified the brand, both geographically and across channels, while continued innovation has further widened our product offer.

“Our focus is on executing against the growth opportunities we have identified. We have a clear brand positioning, an innovative approach to digital marketing, a disruptive multi-channel approach and a growing culture of operational excellence.”

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