Retailer’s share price slumps to all-time low
Superdry's share price crashed to an all-time low after the fashion retailer issued its third profit warning of the year.
Shares in the Cheltenham-headquartered company were down more than 20% in early trading after "unseasonal weather" was blamed for more underwhelming sales. It ended the day down 15% at 34.5p.
The clothing brand had already underperformed expectations in January and April, and its slump has continued.
Superdry was founded in 2003 and went public in 2010. At the start of 2018 Superdry's shares briefly peaked... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
