Home / Knowledge / News / Retail / UK fashion & homeware retailer Matalan's Q1 FY22 sales rise to £222 mn

UK fashion & homeware retailer Matalan's Q1 FY22 sales rise to £222 mn

Jul '21
Pic: Matalan
Pic: Matalan
Matalan, a UK-based omni-channel fashion and homeware retailer, reported sales jump to £221.8 million in its first quarter (Q1) of FY22 ended on May 29, 2021, against £75.3 million in the corresponding period of previous fiscal. EBITDA (earnings before interest, taxes, depreciation, and amortisation) for Q1 was £41.8 million (Q1 FY21: loss £10.2 million).
“In line with government guidelines, our stores reopened throughout April to a high level of pent up demand, with the response from customers to our convenient, large and safe shopping environments being extremely positive. As a result, stores have traded well and coupled with our online channel continuing to deliver strong growth, our performance across April and May was also ahead of the corresponding period two years ago,” Steve Johnson, executive chairman of Matalan, said in a press release.
“A key focus for us during the spring was not only to welcome customers back into our stores but to sell through the large volume of residual winter stock we carried over into the year. We achieved our objective of cleansing our stock mix by the end of May as well as getting an enthusiastic reaction from customers to the new ranges as they landed. Ladieswear was notably strong as customers sought fresh spring looks after several months of lockdown with our fantastic new dress ranges getting a particularly great reception,” Johnson added.
“Whilst our priority remains this immediate period of recovery, we have also developed an exciting growth plan that builds on our strong existing apparel-led proposition and transitions Matalan into being a truly multibranded omnichannel lifestyle retailer. This strategy represents a customer led and multi-year evolution, taking what is already great about Matalan and driving the core business forward, building our capabilities, unlocking new growth and repositioning our brand,” Johnson said in the release.

Fibre2Fashion News Desk (JL)

Must ReadView All

Pic: Ritu Manoj Jethani / Shutterstock.com

Apparel/Garments | On 31st Jul 2021

US firm Steve Madden moves production to Mexico & Brazil from China

As supply chain disruption remains a significant challenge, American...


Apparel/Garments | On 31st Jul 2021

Apparel & footwear firm GBG USA files for bankruptcy protection

GBG USA, an indirect wholly owned subsidiary of Global Brands Group...

Pic: Shutterstock

Apparel/Garments | On 31st Jul 2021

Asian garment industry market concentration, consolidation rise: ILO

Although Asia's garment market rose in size in value terms before the ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Shlomzion Chen, Seevix

Shlomzion Chen

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2021

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

Advanced Search