Superdry: Fashion brand considers 'cost-saving options' after reports it is considering restructuring

Such a move could result in store closures and potentially force through rent reductions with landlords.

On Monday, Superdry told the stock market: “In line with the company’s turnaround strategy, the company confirms it is working with advisers to explore the feasibility of various material cost-saving options.

“Whilst there is no certainty that any of these options are progressed, they aim to build on the success of the cost-saving initiatives carried out by the company to date and position the business for long-term success.”

It comes days after the firm revealed a sharp slump in sales over the half-year to October and warned shareholders its fortunes could still take some time to turn around.

On Friday, the clothing firm said that its revenue had fallen by nearly a quarter (23.5 per cent) to £219.8m in the six months to the end of October, with adjusted loss nearly doubling to £25.3m.

The retail business, which employs around 3,350 globally, said it also cut around £20m in costs over the half-year and is on track for over £40m in savings for the current year.

This saw the business close 12 stores over the first half of the financial year, taking its estate down 216 owned stores. The company also runs shops through franchisees.