Supergroup’s sales continued to rocket in the three months to 1 August, with total sales up just under 60% on the same period last year.
Sales totalled £32.8m in the period, with retail sales rising 62.7% to £22.3m and wholesale sales up 53.9% to £10.5m.
The retail performance was driven by the continued roll-out of Cult and Superdry stores in the UK, with five new openings in the quarter including the largest store to date at Lakeside. The business had 47 stores and 56 concessions at the end of the period, since when two new stores and eight further concessions have opened, seven of them womenswear. More openings are planned pre-Christmas, including a 15,000 sq ft store in Glasgow’s St Enoch’s Centre.
Supergroup’s wholesale business has continued to expand internationally, with franchise stores having opened in Belgium, France and Germany, the first in the Middle East about to open in Dubai, and a series of concessions opening in Taiwan. Franchise stores in Los Angeles and San Francisco are also planned.
“Our new store design is proving to be a great success,” said chief executive Julian Dunkerton, “and we look forward to opening futher womenswear concessions before the busy Christmas trading period.”
The company’s shares slipped 2.5% to 1120p in early trading this morning.