Superdry records €25m loss as turnaround flounders

The fashion retailer has issued two profit warnings this year.

Superdry Plc swung to an annual loss and expects no revenue growth in the current year as the fashion retailer struggles to compete with other clothing brands during the cost-of-living crisis.

The company, known for its logo-printed T-shirts and bright colours, reported a pretax loss of £21.7m (€25.36m) for the full year, compared with a profit of £21.6m (€25.24m) the prior year.