Shares of UK-based Superdry (SDRY.UK) are currently losing more than 15% after the company warned that its full-year earnings will suffer due to a difficult market environment.
The apparel retailer pointed to an "unusually mild autumn" that caused it to delay its AW23 (autumn/winter) collection update. Retail sales fell 13% year-on-year in the six months to October 28, while wholesale sales fell 41%.
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The company's shares are losing nearly 15.5% today and are trading at the lowest levels in the company's history. Source: xStation
