Fashion retailer SuperGroup, owner of Superdry, has revealed its full year revenue increased 21.1% to £589.5million.

In its fourth quarter to 23rd April figures show that the retail division grew 24.5% with like-for-like sales increasing 11.3%, with pre-tax profit for the year to be between £72.5million - £74million.
Other figures show that wholesale revenue increased 13.7% following a strong second half performance.

Superdry, who opened new stores are also planning to open two new distribution centres this year to serve customers in North America and Europe.

Chief executive of SuperGroup, Euan Sutherland, said: "The group has traded robustly throughout the final quarter as we continue to deliver our strategy to create a global lifestyle brand. We have opened 24 net new stores across our targeted European markets and have a strong pipeline of new stores for the new financial year.

“Our focus remains on the extension of the Superdry brand and execution of clear growth opportunities, under-pinned by continued investment in infrastructure to strengthen our business."