Fashion chain Superdry has slashed its sales outlook and revealed plans to cut costs by more than £35 million after seeing dampened consumer spending.
Issues “outside the company’s control”, including cost-of-living pressures and poor weather weakening demand for spring and summer collections, dragged on sales in February and March, the retailer said.
The company told shareholders it has decided to withdraw its previous profit guidance that it would broadly breakeven for the 2023 financial year.
