Matalan news and archive

Matalan's EBITDA rises despite sales decline amidst challenging market

Matalan, the UK-based omnichannel fashion and homeware retailer, has reported a 9 percent dip in full-year sales to 985 million pounds. However the strategic emphasis on driving profitability resulted in a 6 percent year-on-year increase in EBITDA to 56 million pounds for the year ended February 22, 2025, with an 11 million pounds improvement in...

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Retail

Matalan announces 25-million-pound store expansion

British fashion and homeware retailer Matalan has announced a 25 million pound investment plan in its UK store estate this year, with a focus on expanding its national footprint with new openings and modernising layouts of existing stores to enhance customer experience. In a statement, Matalan said the investment would go towards upgrading 30...

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Business

Matalan secures 25 million pounds funding to boost transformation

Fashion and homeware retailer Matalan has secured 25 million pounds (33 million dollars) additional funding to accelerate multi-year transformation. The funding boost comes from the company’s anchor investors—Invesco, Tresidor, Man Group, and Napier Park. The capital will support investments in store refurbishments, new store openings,...

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Matalan names new chief product, brand and commercial officer

British department store Matalan has appointed industry veteran Sarah Welsh to the new position of chief product, brand and commercial officer. Welsh will take on the role from March 10, after which she will be responsible for positioning customers at the centre of the company’s proposition, growing market share and appealing to a broader...

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Former Matalan chief Jo Whitfield returns to Asda board

Jo Whitfield, the former chief executive officer of Matalan, has returned to supermarket giant Asda’s board as a non-executive director. Whitfield had served in a number of senior leadership positions at Asda and its clothing company George from 2008, including in the retailer’s e-commerce, operations and commercial divisions. She went on to...

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Fashion

Watch: From hero gnomes to stylish goats, all the festive fashion films to know for 2024

It’s that time of the year, again. Brands and retailers across the globe have begun unveiling their always highly anticipated festive campaigns. This season, trends seem to revolve around flipping the script on the stress usually associated with the season; incorporating well-known (animated) figures into the storyline; and proposing new...

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Fashion|In Pictures

Matalan launches first menopause range in collaboration with GenM

British value clothing and homeware omnichannel retailer Matalan has launched its first dedicated menopause range in collaboration with GenM, the menopause partner for brands, which aims to make menopause more visible with its MTick certification shopping symbol. The new menopause collection includes a range of lingerie, nightwear and sportswear...

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Matalan announces appointment of two senior executives

Matalan has strengthened its senior team with two new hires. The company has appointed James Dorling as director of property, responsible for overseeing Matalan’s network of over 220 UK stores and Keith Down as a non-executive director and chair of the audit committee following Paul Copley’s decision to step down from the company’s board....

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Matalan CEO to depart after 18 months at helm

The chief executive officer of British department store chain Matalan has announced her exit from the company just 18-months into her tenure. Jo Whitfield’s departure was confirmed in a press release, in which it was stated that she had decided to step down to “pursue a portfolio career”. During her time at Matalan, Whitfield was credited with...

Retail

Matalan expands third-party brand offering

British value clothing and homeware omnichannel retailer Matalan has expanded its third-party brand offering to boost womenswear, menswear, footwear, nursery and home. Matalan first added third-party brands to its platform in December 2023 and expanded its offering in April. The latest expansion will see Matalan introducing 29 new brands this...

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Business

Matalan full year sales drop but losses narrow

For the full year, Matalan reported revenues of 1,082 million pounds, down 6 percent on a like-for-like basis, while EBITDA jumped 92 percent year-on-year to 53 million pounds as a result of gross margin improvements, tightly controlled costs and delivery of operational improvements. Gross margin for the year improved 8 percent to 495 million...

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Business

Matalan brings 17 new third-party brands to platform

Matalan has announced the expansion of its range of third-party labels, with 17 new brands having now joined the retailer’s offering across core categories. Among the newly added names in the apparel division are Mountain Warehouse, Threadbare, Brave Soul, ToeZone and Regatta, all sitting alongside Matalan’s existing roster and building on the...