LONDON (dpa-AFX) - Apparel retailer SuperGroup plc (SGP.L) Thursday reported a rise in revenues for the first quarter ended July.
For the 3-month period, revenues rose 15.9 percent to 87.01 million pounds from 75.06 million pounds a year earlier. New store openings added a net 13,000 square feet to the portfolio, the company said in an interim management statement.
Retail revenues grew by 13.6 percent to 60.44 million pounds from 53.22 million pounds a year ago.
Like-for-like sales declined by 3.7 percent due mainly to shortages of key spring summer lines.
During the first quarter, the company opened new stores in Europe, Southeast Asia and Taiwan.
The company said the order book for autumn/winter 2014/15 has now closed and initial indications are that orders, propelled mainly by placements from overseas, have risen by 10 percent.
'With our strong pipeline of new stores, particularly in mainland Europe, the continued evolution of the ranges and our improved infrastructure we remain confident that we have the platform to deliver profitable growth in the current year,' said CEO Julian Dunkerton.
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