Retailer SuperGroup (SGP) managed to maintain its impressive margin gains achieved during the first half of its financial year. In the group's third quarter to 26 January, sales rose 22.1 per cent to £141.1m while wholesale sales gained 41.7 per cent on last year to reach £27.3m.
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Importantly, the group achieved this sales growth without resorting to heavy discounting. SuperGroup said margins had been maintained after the gross margin grew by 50 basis points to 56.8 per cent in the first half. Continued focus on efficient stock management also meant a repeat of last year's eBay stock clearence, which futher helped to defend profitability.
