Superdry full-year revenues slump despite improved fourth quarter

Superdry arndale exterior

Superdry has reported a slump in full-year sales but chief executive Julian Dunkerton says there is “light at the end of the tunnel” for the retailer following an improved fourth quarter.

In a trading update for the 52 weeks to April 24, 2021, the fashion retailer reported a 21% slump in group sales to £556.6m, which it blamed on its store estate being closed for much of the period. 

However, Superdry said group sales had inched up 0.8% in the fourth quarter of the year boosted by its ecommerce proposition. 

The retailer said it was “confident of growth in FY22 revenue and profitability compared to FY21” provided that there were no further lockdowns and footfall recovered to near pre-pandemic levels.  

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.