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Supergroup - Problem with IT system knocks shares

November 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SGP
  • Price:
  • 610p
Fast growing clothing retailer Supergroup has experienced some growing pains with a trading statement mentioning disruption to sales arising from a new warehouse management system that was installed at the end of August. Apparently the interface between the various parts of the system did not work, which impacted the amount of stock and range of sizes reaching UK stores.  Supergroup said that most of the issues have now been resolved and anticipates a return to no ...

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