Superdry and Dixons Carphone shares slump amid store closures

Superdry store

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue