Superdry blames sales fall on ‘legacy issues’

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The menswear retailer reported an 11.3% fall in group revenue to £376.8m in a pre-close trading statement for the 26 weeks to October 26, 2019.

Sales were down across its various channels, with store revenues falling 11.7% to £157.3m, ecommerce down 10.5% to £57.9m and wholesale down 11.2% to £152.6m.

Superdry blamed its issues on “the need to address a number of legacy issues across the business”.

 

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