Superdry Warns on Profit After U.K. Holiday Shopping Slump [Yahoo! Finance News]
SUPERDRY PLC UNSP/ADR (SEPGY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance News
) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. U.K. retailers’ holiday tale of woes continued as apparel chain Superdry Plc said lower-than-expected sales for the period could wipe out its annual profit, sending its shares reeling.Another retailer, JD Fashion Plc, said Friday its full-year earnings will be in the upper range of previous guidance, but that was largely because of stronger performance outside the U.K.The updates follow downbeat reports from the likes of Marks & Spencer Group Plc and John Lewis Partnership Plc, which struggled over the holidays as shoppers shift from bricks-and-mortar stores to e-commerce and discounters take advantage of consumer jitters linked to the country’s recent political turmoil. The British Retail Consortium, a trade group, said earlier this week that 2019 was the worst year for U.K. retail on record. After the latest in a series of lower forecasts, Superdry’s shares fell as much as 24% in Lond
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