Superdry reports decline in store sales

In a pre-close trading statement, the fashion retailer said group revenue rose by 16% to £872 million in the year to 28 April as trade was driven by wholesale and ecommerce channels where sales increased by 29.6% and 25.8% respectively.

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Meanwhile, global brand revenue climbed by 22.1% to £1.6 billion.

Euan Sutherland, Superdry chief executive, said: “Superdry has delivered another good year of brand revenue and profit growth as we have sharpened our focus on our successful global digital brand strategy. We benefit from a clear brand positioning, an agile infrastructure that serves our global consumers through a truly multichannel proposition and increasing operational excellence.”

The…