Adds particulars on targets, background
Adds particulars on targets, background
March 18 (Reuters) – British trend model Superdry SDRY.L stated on Wednesday it will miss its 2020 targets due to the “unprecedented challenges” of the coronavirus outbreak, however added it had a powerful capital place and was in talks with lenders about further flexibility and liquidity.
The corporate stated it will no longer meet forecasts given in early January for fiscal 12 months 2020, which was underlying pretax revenue within the vary of zero to 10 million kilos, and additionally would not give a proper outlook for the 12 months.
It stated 78 shops had been shut as a consequence of government-mandated closures in Europe, which accounts for 40% of its weekly gross sales forecasts, and that it was seeing sharp falls in U.S. and UK traffic.
Prime Minister Boris Johnson on Monday primarily shut down social life in Britain and ordered essentially the most weak to isolate for 12 weeks, because the nation steps up efforts to stem the unfold of coronavirus.
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