By Richard Hook2018-12-12T14:02:00
Source: Martin Lewison/Flickr
Shares in retailers Superdry and Dixons Carphone have fallen by 30% and 14% respectively this morning after both reported huge year-on-year falls in their half year reports.
Superdry said it was considering closing stores as part of a cost cutting drive to save £50m by 2022 having revised full year profits expectations down to between £55m and £70m from around £84m. Underlying profit before tax fell by close to 50% year-on-year in the six months to 27 October, down to £12.9m.
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud