SuperGroup’s like-for-like retail sales rose 10.6% over the Christmas period as outwear and knitwear delivered strong performances.
The young fashion business, which owns the brand Superdry, posted a 12.3% rise in total group sales to £115.1m in the 13 weeks to January 27. While in the 39 weeks to January 27 sales rose 14.5% to £273.3m.
In the 13 week period sales in the retail division rose 14.4% to £89.8m as both online and own stores performed well.
Wholesale revenues rose 5.4% to £25.3m and the group expects spring 13 to hold further growth, with the order book showing an uplift of around 20% on spring 12.
Chief executive Julian Dunkerton said: “The retail division has produced a very satisfactory performance during the quarter and in particular over the Christmas period. We are pleased by the response of the Group’s franchise partners to the spring/summer range. The level of the order book for the forthcoming season and the retail performance during the quarter are positive indications of the demand for Superdry product.”
He added: “Although trading conditions remain volatile and unpredictable, the year to date results, and the early indications of the response to the new season range, have provided us with ever increasing confidence for the future.”