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SuperBye
The end for SuperDry
Tim Vollans
January 26, 2024 • Estimated Reading Time: 3 minutes
🧠The Big Brain
Keep up lads, you're falling behind
This year’s been all about those chip stocks…
So we’ve dug through the chasing pack and come up with a list of 47 stocks that meet our catch-up criteria.
Quite a few big names, and some surprises!
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⚡ The Spark
A New Era
Japan’s union boss sets course for a brighter future
So, while inflation in Tokyo was far lower than expected this month (core CPI rose 1.6% y/y in Jan vs +1.9% forecast), the unions are coming to the table.
It’s time to pay the piper. Wages haven’t kept pace with inflation, and the unions are demanding record pay rises in the annual shunto negotiations.
Tomoko Yoshino, chairwoman of Rengo (Japanese Trade Union Confederation), is aiming for a new era where the economy, wages, and prices all grow.
“This year’s shunto will be crucial in setting a secure path for a staged conversion to an economy and society in which there is a stable increase in the economy, wages and consumer prices.”
They’re seeking wage hikes of 5% or more this year.
Everything’s falling into place on the wage side. The open question is if the deflationary mentality - and saving bias - can be overcome in Japanese society.
If it can, a new era awaits.
đź’ˇ The Lightbulb
SuperBye
The end for SuperDry
We’ve been warning about the downfall of this once-adored clothes brand for a couple of months now.
Today’s trading results were even worse than feared…
@fink.tok This uk clothing company wont survive the next few months in my view! #superdry is at risk of going under because of very poor trading conditions!
The Chief Financial Officer has left - under something of a cloud - after agreeing extremely arduous borrowing terms.
The comments from CEO & Founder Julian Dunkerton offer more clues as to what’s gone wrong
“This has clearly been a difficult period for Superdry”
“A challenging consumer retail market, set against a backdrop of macroeconomic uncertainty and some remarkably unseasonal weather conditions have all combined to weaken the financial performance of the Group.”
“Whilst, to some extent, this was expected due to the decision to exit our US operations and the sale of the brand rights in non-core territories, the segment continues to prove challenging.”
They’ve experienced the same conditions as everyone else, yet posted far worse results.
Bad decisions compound. This looks like the end.