THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Omnichannel Futures 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Sosandar hails record quarter of trading

Women’s fashion retailer Sosandar has celebrated a record quarter of trading in the three months to 31 December when revenue surged by 23% to £14.3 million…. View Article

FASHION RETAIL NEWS UK

Sosandar hails record quarter of trading

Women’s fashion retailer Sosandar has celebrated a record quarter of trading in the three months to 31 December when revenue surged by 23% to £14.3 million.

Gross margin also improved with an uplift to 58.3% from 56.8% in the prior year following a planned reduction in price promotional activity.

Sosandar said its stronger trading in October and November continued into December when all channels performed well. Sales in the party wear, dresses, tailoring, knitwear and smart trouser categories were particularly strong.

The retailer is expecting to have opened its first store in the UK this spring. It is also planning to further enhance its relationships with third-party partners and will continue to develop its international strategy after successful launches in Australia and Canada.  

Sosandar said it is continuing to trade in line with market expectations for the current financial year. Full year revenue is expected to come in at  £46.8 million while pre-tax profit is forecast to be £0.1 million.

Subscribe For Retail News