Superdry latest Christmas sales casualty among UK retailers as JD Sports defies gloom

Fashion retailers Superdry and Joules became the latest Christmas casualties of Britain’s struggling retail industry, issuing profit warnings that sent their shares plunging.

Shares in Superdry, known for its Japanese style logo designs, slumped 14% to a two-year low after it said lower-than-expected Christmas sales could wipe out pretax profit for the year to April.