Superdry has posted a first half sales uplift after trade was boosted by stronger store sales and a good reaction from customers to its autumn/winter collections.
In the 26 weeks to 29 October, group revenue increased by 3.6% despite the unseasonably warm weather in October and into November.
While in-store sales rose by 14.4%, ecommerce sales edged up 1.7%.
However, wholesale revenue fell by 5.2% following low levels of dispatches in October which are expected to partially reverse in the retailer’s second half.
Superdry has also announced that it has secured an £80 million new loan facility with specialist lender Bantry Bay Capital. This will replace the retailer’s existing £70 million asset based lending facility that was due to expire at the end of January.
