Home / Knowledge / News / Apparel/Garments / Clothing retailer Matalan bucks trend to open new outlets
Clothing retailer Matalan bucks trend to open new outlets
19
Jun '09
Fashion chain Matalan is bucking recessionary trends and planning to set up new stores to add to its already existing 203 outlets, along with pursuing a fast track proposal to increase the store count in 2010.

Matalan had recently declared net profits of £102 million in the year ended February 28, 2009, up from £89.4m from the earlier year. In the first 14 weeks of the new financial year, like for like sales have improved by 8.2 percent.

This has come about due to a store refurbishing plan undertaken by the management in the last few months, which has been well accepted by the consumers along with adding a new range of clothing for men and women.

The company had spent £16m in renovating the outlets in the last fiscal year and is planning to spend a similar amount in the current year. Around 120 stores have been revamped till date which emphasizes on visual merchandising and navigation.

Matalan is a clothing and homeware store and was started by Mr John Hargreaves in 1985 and most of the Matalan stores average out at a size of roughly 30,000 square feet, emphasizing the space strategy that the company employs.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Vasanth Kumar
Max Fashion India

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

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Mohammad Hassan
Biax Fiberfilm

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search