Fashion retailers across the FTSE suffered due to the pandemic. One such retailer is Superdry (LSE:SDRY).
FTSE AIM star or one to avoid?
Retail has been a risky sector in recent years. It has been well highlighted that the traditional high street is suffering and online-based fashion brands are excelling as technology evolves.
Superdry has over 750 stores across 65 countries. Nearly a third are owned by the company and the remainder are franchised. It is fair to say SDRY possesses a hefty physical footprint. Based on current shopping habits and a post-Covid 19 world, I believe this could be a major problem.
When the market crashed, SDRY lost a sizeable chunk of its share price like many other retailers on the FTSE. Pre-crash you were able to pick up SDRY shares at 515p per share. The lowest point of the crash saw its price hit 70p, which … Read more