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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/supergroup-maintains-sales-momentum.jpg"><img class="alignnone size-full" title="Superdry fashion firm SuperGroup revealed its sales continued to soar in January" src="http://londonglossy.com/wp-content/uploads/2011/02/min-supergroup-maintains-sales-momentum.jpg" alt="Superdry fashion firm SuperGroup revealed its sales continued to soar in January"/></a></p>
<p>Superdry fashion firm SuperGroup posted another stellar performance as it revealed its sales continued to soar in January.</p>
<p>The group, which targets the youth fashion market and operates 59 stand-alone outlets as well as 70 concessions, said UK retail sales increased 91.8% on a year ago to £61.4 million in the three months to January 30.</p>
<p>The sales growth in January has barely slowed since the last time the group updated the market to report its best ever Christmas.</p>
<p>Freddie George, a retail analyst at broker Seymour Pierce, described the update as &#8220;another set of superlative quarterly figures&#8221; and increased his profits estimate for the year to the end of April by 3% to £48.5 million.</p>
<p>SuperGroup, whose clothes have been worn by celebrities such as David Beckham and Leonardo DiCaprio, opened six new stores in the quarter at key locations including London&#8217;s Westfield Centre and the Trafford Centre in Manchester.</p>
<p>It also relocated a store in Glasgow to a new site at the St Enoch Centre in the city and opened its first concession in Harrods.</p>
<p>Total group sales were up 86.9% in the period, as the company expands overseas.</p>
<p>The wholesale division opened a further 15 franchise stores in the period, including five in Australia and others in the US, France, Italy, South Korea and Venezuela, bringing the total to 69.</p>
<p>It plans to open further stores in Holland, France, Italy, Switzerland, the US, the Middle East and the Far East before May.</p>
<p>Last week it bought its wholesale partner and biggest franchisee CNC Collections in a deal worth 40 million euros (£33.8 million), allowing it to speed up the opening of new outlets in France, Holland, Belgium and Luxembourg.</p>
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