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.
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