Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

SuperGroup turnaround to take years

SuperGroup PLC Q2 IMS, 8 November 2012 – Autumn Winter Collection 2012/13
SuperGroup PLC Q2 IMS, 8 November 2012 – Autumn Winter Collection 2012/13

THE FIRM behind fashion label SuperDry says it will take “a number of years” to complete its financial turnaround despite good progress on a restructuring plan and improving sales of its clothing.

SuperGroup yesterday announced a pre-tax profits slump of more than 30% during the six months to the end of October, despite encouraging signs among high street shoppers.

The clothing retailer’s stores, which include sites in Dundee and St Andrews, saw revenues climb by 26.4% to £92.4 million during the first half while wholesale operations also grew sales, by 4.4% to £65.8m.

Like-for-like retail growth rose by 3.9%, but the addition of dozens more franchise and licensed stores across the world helped boost the group’s top line.

Total group revenue was up 16% in the period, but pre-tax returns slid to £13.9m from £20.3m last time around.

Chief executive Julian Dunkerton, who founded the firm 27 years ago as a market-stall trader in Essex, said his firm had strengthened its brand and design in a “challenging and volatile” market.

“There have been a number of positive factors that have supported this performance but it is clear that the ongoing investment in design and the growing presence of the brand have enhanced sales both in the UK and overseas,” he said.

“International sales have again been strong and represent a substantial opportunity as the brand gains acceptance globally.”

SuperGroup has seen a string of boardroom changes recently, as the beleaguered chain stages a fightback.

Results for the last full financial year showed a 14.7% drop in profits, which the firm than admitted was largely down to problems of its own making.

Shares in the firm closed down 6.62% at 557.00.

business@thecourier.co.uk