Superdry turnaround hit by Covid disruption

Superdry hoodies

Fashion retailer Superdry has posted a fall in sales and profits after the coronavirus pandemic took a toll, and cautioned about prospects as a ‘going concern’.

Superdry reported an underlying loss before tax of £10.6m in its first half – up from £2.3m – and sales fell 23.4% to £282.7m.

Founder and chief executive Julian Dunkerton said progress was being made but the closure of stores during lockdown means it will ”take time” to bear fruit

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