SuperGroup’s retail like-for-likes jumped 7.8% in its second quarter to October 27 as the trendy fashion retailer took control of its German franchise operation.
The retailer acquired seven stores and the rights to the German market for £4.2m which will be settled in shares.
The acquisition allows the retailer to accelerate the roll-out of stores in the country. It has retained the local operational and management expertise.
Supergroup’s total retail sales soared 20% to £63.5m over the quarter as the retailer added 33,000 sq ft of space.
It opened three UK stores, acquired two franchise stores and launched two stores in Europe.
Total group sales rose 18.5% to £116.6m over the quarter and increased 21.1% to £191.6m over the half.
SuperGroup’s new warehouse in Burton upon Trent completed its first stock intake and began dispatching at the beginning of October. The retailer said the project remains on track and on budget.
SuperGroup chief executive Julian Dunkerton said: “At the same time as delivering revenue growth we continue to build the platform to support our strategy and I am pleased to report that the group remains on track with its infrastructure investments.
“Ecommerce sales from Europe and the rest of the world have now overtaken those from the UK, reinforcing our view of the international appeal of the Superdry brand, an important step in delivering our international strategy.
“Our trading performance, the positive customer reaction to new product ranges and the preparation ahead of peak trading provides me with confidence in our ability to meet market expectations.”