10 months ago
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Struggling fashion chain’s shares plunge to record low, before recovering some ground
Superdry, the UK fashion retailer, has warned on profits, blaming “abnormally mild” weather for a drop in sales.
In an unscheduled trading update, the struggling retailer said retail sales fell 13% year on year in the six months to 28 October, its first half, because the mild weather meant customers were slow to buy its autumn and winter clothes.
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