×
1 532
Fashion Jobs
DAVID JONES
CRM Digital Producer- Country Road
Permanent · Melbourne
DAVID JONES
People Business Partner - Country Road Group
Permanent · West Melbourne
ON RUNNING
Warehouse Specialist / Supervisor
Permanent · MELBOURNE
DAVID JONES
Commercial Finance Manager - Country Road Group
Permanent · Melbourne
PETER ALEXANDER
Stock Coordinator - Peter Alexander nz - Lambton Quay
Permanent · Wellington
PUMA
Field Sales Executive Vic/Tas
Permanent · Moorabbin
JD SPORTS
CRM & Email Marketing Executive
Permanent · Haymarket
DAVID JONES
Finance Systems Analyst - Country Road Group
Permanent · Melbourne
DAVID JONES
Loss Prevention Manager - David Jones Highpoint
Permanent · Melbourne
SHEIKE
Area Manager - Western Australia
Permanent · Perth
ESTEE LAUDER
Clinique - Consultant - David Jones Melbourne - Part Time
Permanent · Melbourne
THE JUST GROUP
Regional Manager - Brisbane
Permanent · Brisbane City
DAVID JONES
Sales Manager Opportunities - David Jones Melbourne
Permanent · Melbourne
DAVID JONES
Sales Manager Opportunities - David Jones Nsw
Permanent · Sydney
DAVID JONES
Merchandise Planner - Menswear
Permanent · Melbourne
PUMA
Manager E-Commerce Operations
Permanent · Moorabbin
PETER ALEXANDER
Regional Manager - Peter Alexander - New South Wales
Permanent · Sydney
THE JUST GROUP
Eoi | Regional / Cluster Manager | The Just Group | Nsw (Sydney)
Permanent · Haymarket
DAVID JONES
Loss Prevention Opportunities - David Jones Hay Street Mall
Permanent · Perth
PUMA
Area Manager
Permanent · Moorabbin
ESTÉE LAUDER
Clinique - Myer Southland - Consultant - Permanent Part Time
Permanent · Melbourne
ESTÉE LAUDER
Area Sales Manager - Queensland
Permanent · North Queensland
Published
Jun 23, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Matalan makes strides in turnaround, new in-house womenswear labels strong

Published
Jun 23, 2022

Matalan has filed its accounts for its latest financial year and also updated on the first quarter of this year with the company clearly making progress in its turnaround.


Matalan



Sales rose 38% to £1 billion in the 12 months to the end of February. And its pre-tax losses narrowed to just £7.7 million from £131.5 million a year earlier.

But it wasn’t all positive as the business shed jobs, with its employee count down from 11,558 to 10,837 during the year.

The company also said that for the first 13 weeks of its current financial year, revenue increased from £221.8 million to £286.5 million.

Executive chairman Steve Johnson said the market this spring “has remained volatile, hampered by widespread inbound supply disruption and weak consumer sentiment in the face of the spike in inflationary pressure on broader consumer spending”.

But the firm remains “well positioned, offering outstanding value to our customers, which has shown through in our sales performance”.

And he was particularly pleased with the “positive response to the new in-house-developed brands launched in March, Et Vous and Be Beau” within womenswear. They’ve “performed extremely well, both online and in stores”.

And referring to the latest year’s figures, Johnson added: “The results represent a strong recovery during what remained a period of ongoing challenges. Despite these obstacles, and assisted by the support packages provided by the government, we significantly improved our level of performance and profitability in what remain demanding circumstances for both our sector and consumers more broadly.”


Matalan



He said that “throughout the last year, our large and spacious out-of-town stores with free parking remained safe and appealing destinations for customers” and that the two newly opened stores are “performing well”.

The stores complement what’s now “a significantly scaled online business, having grown its turnover by over 50% since the beginning of the pandemic, with lots more potential still to realise”.

The company is also working to boost digital and building on last year’s first phase of supply chain automation, it’s further developing the planning for the migration of the website onto the THG Ingenuity platform in spring next year.

Copyright © 2022 FashionNetwork.com All rights reserved.