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Tag: future-of-british-business

Superdry (SDRY) Plunges After Warning on Potential Consumer Weakness
Business

Superdry (SDRY) Plunges After Warning on Potential Consumer Weakness

Superdry Plc shares plunged after the fashion retailer cut its profit outlook for the year, blaming its underperforming wholesale business and warning of potential consumer weakness in the months ahead. The British retailer, known for its logo T-shirts and bright colors, now expects adjusted pretax profit to be flat for the fiscal year ending in April. That compares with a previous forecast for £10 million ($12 million) to £20 million profit. Source link
Asos Sales Fall, Hurt by UK Delivery Disruptions in December
Business

Asos Sales Fall, Hurt by UK Delivery Disruptions in December

Asos Plc sales fell during the approach to Christmas as weaker consumer sentiment and UK delivery disruptions hurt orders at the fast-fashion retailer. The final four months of the year were “volatile,” with revenue down 3%, excluding Russia, Asos said Thursday. UK sales declined 8%, and the company still expects a loss in the fiscal first half after discounting and writing off stock. Source link