Sosandar losses narrow as revenue climbs
Women’s fashion retailer Sosandar saw its losses narrow and revenue surge in the year to 31 March.
While revenue climbed by 228% to £4.4 million, the retailer’s EBITDA loss reduced to £3.49 million from £6 million in the previous year.
The company is currently expanding its ranges to include footwear, accessories, knitwear and denim. It has also invested in specialist design areas and new factories to help drive the range expansion.
Sosandar co-founders Ali Hall and Julie Lavington said: “We are delighted to be reporting a year of exceptional growth along with significant operational progress.
“We have expanded our product range and invested in highly effective customer acquisition, which together are driving ever growing repeat rates.
“We continue to inspire and excite our customers and once we recruit customers they are proving to be incredibly loyal and highly engaged with the brand, which will fuel future growth for the business.”
Sosandar said it has made a strong start to the new financial year with repeat orders increasing by 122% in its first quarter. In addition, it has seen 23% growth in revenue in the period..
It is also benefiting from celebrities such as Amanda Holden, Kelly Brook and Natalie Pinkham wearing its clothes.
Hall and Lavington added: “With a clear growth plan, we are confident in the outlook for the year and very excited about Sosandar’s long term prospects.”
