Matalan news and archive

Matalan Christmas sales up 4 percent

For the 13 weeks ended November 24, 2018 Matalan’s total revenue increased by 4.9 percent to 308.3 million pounds (398 million dollars), with full price sales increase of 7.3 percent. During the holiday period to December 29, 2018, Matalan added that total revenue increased by 4 percent to 148 million pounds (191 million dollars), with sales...

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Matalan posts full-price sales growth of 3.3 percent

Omni-channel fashion and homeware retailer Matalan, for the 13 weeks to August 25, 2018 reported total revenue of 262.4 million pounds (343.8 million dollars). The company said, full Price sales increased by 3.3 percent. EBITDA for the period rose to 22.8 million pounds (29.8 million dollars) against 22.7 million pounds (29.7 million dollars)...

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Matalan to open new store in Belfast City next month

UK fashion and homeware retailer Matalan plans to open a new store at Belfast’s CastleCourt next month that the company said, will create more than 50 jobs. Matalan currently operates 227 stores across the UK in addition to 25 overseas franchise stores. The new Belfast store will be Matalan’s first city centre location in Ireland. Commenting on...

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Matalan Q1 revenue improves 4.9 percent

For the 13 weeks ended May 26, 2018, omni-channel fashion and homeware retailer Matalan reported total revenue of 265.9 million pounds (354 million dollars) compared to 253.4 million pounds (337.4 million dollars) in the same quarter last year, representing a growth of 4.9 percent. EBITDA for the period increased to 24.8 million pounds (33...

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Matalan posts rise in annual sales and profit

Matalan, in its results statement for the 52 weeks to February 24, 2018 said that total revenue reached 1,063 million pounds (1,414.6 million dollars) compared to 1,037.3 million pounds (1,380 million dollars). The company’s full price sales increased 11.7 percent. EBITDA for the year was 104.5 million pounds (139 million dollars) compared to 77...

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Matalan reports rise in Q3 sales and EBITDA

For the 13 weeks to November 25, 2017, Matalan said that its full price sales increased 2.6 percent. Total revenue reached 293.8 million pounds (404.9 million dollars) compared to 299.4 million pounds (412.7 million dollars) in 2017, while EBITDA was 44.9 million pounds compared to 35.1 million pounds last year. Commenting on the company’s...

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Matalan Q2 sales increase to 259.9 mn pounds

High-street fashion retailer Matalan reported a rise in sales to 259.9 million pounds (342 million dollars) for the 13 weeks period to August 26, 2017 compared to 245.5 million pounds (323 million dollars) in the same quarter last year, reports Evening Standard. The report added that the company attributed this increase in sales to the success...

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Matalan posts 21.5 percent rise in Q1 full-price sales

For the 13 weeks ended May 27, 2017, full price sales at Matalan increased 21.5 percent. While total revenue rose to 253.4million pounds (326 million dollars), EBITDA was 22.3million pounds (28.7 million dollars) against 16.2 million pounds (20.8 million dollars), reported in the same quarter last year. Commenting on the first quarter trading,...

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Matalan posts 37 percent jump in full year EBITDA

Clothing and homeware company Matalan reported a considerable increase in full-year earnings, though revenues witnessed a 2 percent drop to 1.04 billion pounds (1.32 billion dollars), reports Insider Media. The group’s EBITDA of 77million pounds (98 million dollars) during the period under review rose 37 percent on the prior year, while profits...

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Matalan expands its global footprint with new store openings in Malta

London - Fashion and homeware retailer Matalan has expanded its international footprint with the opening of two new stores in Malta. The new stores, located in the centre of Sliema and Fgura, Malta, offer Matalan full range of products, including menswear, womenswear, childrenswear and accessories as well as homeware. The two new stores, which...

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570 percent jump in profits definitely offsets Matalan’ slowing sales

“Our approach in planning the season was an emphasis on greater co-ordination, improved availability and full price sales conversion. This served our customers well, and we delivered an effective exit from the summer ranges in July.” With these words, Jason Hargreaves, managing director of Matalan, explained how the affordable fashion label said...

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Matalan Q2 sales up 3.9 percent

Matalan full price sales for the 13 weeks ended August 27, 2016 increased 3.9 percent. Total revenue was 245.5 million pounds (301.8 million dollars) against 261.7 million pound (321.7 million dollars). EBITDA was 15.4million pounds (18.9 million dollars) against 2.3 million pounds (2.8 million dollars). Commenting on the second quarter’s...