Matalan news and archive

Matalan reports drop in Q3 sales as lockdown takes toll

Matalan has reported a drop in revenue for the third quarter of the year as lockdowns took their toll on the company’s in-store sales. For the 13 weeks to 28 November 2020, total revenue at the omnichannel fashion and homeware retailer dropped 21.5 percent to 244.8 million pounds. That drop reflected “the severe Covid-19 related disruption to...

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Matalan profits take hit from discounted lockdown stock

Matalan has reported a dive in profit for the second quarter of the year following heavy discounting at the British fashion and homeware retailer. For the 13 weeks ended 29 August 2020, EBITDA loss post adoption of IFRS16 was 28.5 million pounds, compared to 42.8 million pounds the year before. This was largely impacted by the retailer’s heavy...

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Business

Matalan Q1 revenues dive as ‘severity’ of Covid-19 impact exposed

Matalan has reported a 72 percent year-on-year drop in revenue for the first quarter as Covid-19 took its toll on the business. For the 13 weeks to 30 May, total revenue at the omnichannel fashion and homeware retailer was 75.3 million pounds, down from 273.5 million pounds the same period last year. EBITDA loss post adoption of IFRS16 was 10.2...