Home / Knowledge / News / Apparel/Garments / Fashion & homeware retailer Matalan Q3 FY'14 sales up 3.1%
Fashion & homeware retailer Matalan Q3 FY'14 sales up 3.1%
22
Jan '14
Matalan, the UK’s leading out of town fashion and homeware retailer, announces its results for the 13 weeks ended 30 November 2013.

Financial highlights
- Total revenue of £321.0m (2012: £309.5m)
- Total revenue for the same 13 week period last year was £319.4m
-  EBITDA of £41.5m (2012: £45.3m)
- Closing cash position of £59.2m (2012: £100.6m)
- Full year EBITDA and closing cash guidance remains unchanged

Peak trading for the 4 weeks to 28 December 2013
- Total revenue increased by 3.1%, including growth in full price sales
- Online sales growth of 22%
- Previous record day’s sales beaten by 20%

Overview & Outlook

Commenting on the third quarter’s performance Jason Hargreaves, Managing Director of Matalan, said: “I would like to thank all our colleagues for their hard work and commitment over the last quarter.

"The focus in recent months on our Ladieswear offer, product availability, and online growth delivered an improving trend through the period after a difficult start. We then carried this improvement through December.

“The market continues to be challenging and competitive. Whilst we are pleased with the recent improvement in sales we remain cautiously optimistic about the year ahead, although confident that the right initiatives are in place to further strengthen and grow the business.”

About Matalan Retail Limited

Matalan is the UK’s leading out of town fashion and homeware retailer and operates through 225 stores in the UK, an e-commerce platform and 14 overseas franchise stores.

Matalan Retail Limited was taken private in December 2006 by the acquisition of its parent company, Matalan Plc (now delisted and known as Matalan Limited), by Missouri Bidco Limited, subsequently renamed Matalan Finance Limited. Matalan Finance Limited has subsequently become a public limited company and is ultimately controlled by the Hargreaves family.

Matalan


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search