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Superdry shares rise as it sees light at the end of the tunnel
A look at the major movers on the London market on Thursday
Shares in Superdry PLC (LON:SDRY) are in fashion after a positive trading update.
The group said growth in online sales had helped take some of the pain out of its stores having to close during lockdown.
Overall, full year revenues fell 21% to £555.6m but within that, the fourth quarter saw a 0.8% increase.
Thanks to the pandemic, full year store revenues fell 50.9% but ecommerce sales rose by 33.8%.
It said trade had been encouraging since its shops re-opened in the UK, but the European business continues to be hit by restrictions.
Superdry shares rise as it sees light at the end of the tunnel
A look at the major movers on the London market on Thursday
Shares in Superdry PLC (LON:SDRY) are in fashion after a positive trading update.
The group said growth in online sales had helped take some of the pain out of its stores having to close during lockdown.
Overall, full year revenues fell 21% to £555.6m but within that, the fourth quarter saw a 0.8% increase.
Thanks to the pandemic, full year store revenues fell 50.9% but ecommerce sales rose by 33.8%.
It said trade had been encouraging since its shops re-opened in the UK, but the European business continues to be hit by restrictions.
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