LONDON – Fashion brand Superdry has warned there may be a “significant doubt” over its ability to continue as a going concern amid uncertainty and disruption to its business caused by the impact of Covid-19. The brand has an extensive store network including many outlets in prime city centre locations which have been hammered by reduced footfall during the past nine months amid country-wide lockdowns.
The company’s half-yearly results showed a big rise in losses, and the business said prolonged store closures and “subdued” footfall would continue to hit its revenues in 2021. In its results covering the 26 weeks to 24 October last year, Superdry reported a statutory pre-tax loss of £18.9m, compared with £4.2m a year earlier.
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