Sunday , January 26 2020
Home / FT Alphaville / Markets not live, Friday 10th January 2020

Markets not live, Friday 10th January 2020

Who had January 10 in your office’s Superdry profit warning sweepstake? The winner can claim their prize. Underlying profit before tax will be between £10m and nil for the year ending April, Superdry warned. (The company-compiled consensus was £20m though house brokers had been rather more bullish.) Group revenue was 15.8 per cent lower over the 10 week period between Black Friday and New Year on “unprecedented levels of promotional activity coupled with subdued consumer demand immediately after Christmas". No part of the picture is pretty: store sales down 18 per cent, wholesale off 17 per cent and ecommerce (including, presumably, eBay) lower by 9 per cent. Co-founder Julian Dunkerton, having wrested back control last year, remains confident he’s steering in the right direction based on

FT Alphaville considers the following as important:

This could be interesting, too:

Miles Kimball writes The Federalist Papers #5: Unless United, the States Will Be at Each Others’ Throats

Tyler Cowen writes Saturday assorted links

Tyler Cowen writes Woke terrorists what about plastic straws?

Tyler Cowen writes Vancouver vending machine markets in everything

Who had January 10 in your office’s 

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *