The UK’s Superdry (OTC:SEPGY) is another clothing giant facing trouble from waning profits and floundering shares. Superdry stock has lost 70% of its value this year alone, proving that 2018 has not been an easy year for the clothing mecca.
What is happening to this once very ‘in’ superbrand?
Superdry Stock is WaningThe company warned investors of weaker than expected profits, saying shoppers have not bought extra winter layers this year.
The company is expecting annual profits between £55 million and £70 million. However, analysts had been expecting around £84 million ...
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