Clothes stores in two Suffolk towns could be at risk of closure following the company's spending cut announcement.

Superdry has revealed plans to cut spending by more than £35million.

The retailer said this is due to cost of living pressures, shipping delays and poor weather decreasing demand for new lines.

A spokesperson said it will attempt to cut the spending through “estate optimisation”, which could indicate store changes or closures, logistics and distribution savings, and continuing to reduce its clothing range.

These changes are expected to be made by the end of this financial year, March 2024, to lift its profitability in the medium term.

Superdry currently has just over 100 shops in the UK, including branches in Ipswich, Bury St Edmunds and Colchester.

It is unclear how many jobs would be lost should the branches close.

Superdry is working with Interpath, the same company that handled Joules going into administration.

Founder and chief executive Julian Dunkerton said: "My belief in the Superdry brand is stronger than ever.

“I am confident we have the right plan and the business will emerge from the current turbulence stronger than ever.”