Sosandar revenue returns to growth
Sosandar has said it is trading in line with expectations after returning to revenue growth in its first half.
The womenswear brand increased its revenue by 15% to £18.7 million in the year to 30 September despite trading at stockist M&S being disrupted by a cyber attack at the retailer.
Subscribe to TRBRevenue on Sosandar’s own website rose by 28% year-on-year.
However, the brand has reported a pre-tax loss of £1.1 million compared to a loss of £0.7 million in the prior year, which was in line with expectations.
Providing an update on trading in October and November, Sosandar said its performance during this period has been strong.
Ali Hall and Julie Lavington, co-chief executives of Sosandar, said: “We are really pleased with how the business has performed over the past six months.
“During this period, we delivered a return to revenue growth, supported by strong momentum through our own website which remains a key driver of both sales and customer engagement, alongside a resilient gross margin.
“The autumn/winter season has delivered another robust trading performance, with customers continuing to respond positively to our unique collections across both occasion and everyday dressing.
“Looking forward, the foundations have been laid for sustainable, profitable, cash generative growth.”
