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Superdry positive on second half as jacket sales surge to record

Superdry has reported first-half revenue growth of 3.6%
Superdry has reported first-half revenue growth of 3.6%

Superdry has signalled a strong start to the second half as online jacket sales hit a record high amid the Black Friday shopping spree and a recent spell of colder weather.

The fashion retailer also reported first-half revenue growth of 3.6%.

But it struck a cautious note on outlook as the sector steers through rising expenses and a worsening cost-of-living crisis in the UK.

"We are under no illusions that consumer confidence is fragile and that the picture is unlikely to change quickly," Superdry chief executive Julian Dunkerton said.

Superdry, best known for its sweatshirts, hoodies and jackets, said margin dilution stood at more than 200 basis points during the first half.

The company also said it had agreed to a loan facility of up to £80m for three years with lender Bantry Bay Capital.