Superdry Q4 sales drop by 37 percent

Superdry Plc said its fourth quarter performance was substantially impacted by the outbreak of Covid-19, down 36.9 percent to 118.5 million pounds (146.5 million dollars), with all company-owned stores and the majority of franchise locations closed from late-March. Group revenue for FY20 was down 19.1 percent year on year to 705.5 million pounds (872.2 million dollars), as the company added that it moved towards a full price trading stance and away from persistent discounting.