
So many good things to report from online women’s fashion retailer Sosandar Tuesday. For starters, it was a strong year of revenue growth, accelerating every month in Q4, and it saw a “substantial” gain in core earnings.
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So many good things to report from online women’s fashion retailer Sosandar Tuesday. For starters, it was a strong year of revenue growth, accelerating every month in Q4, and it saw a “substantial” gain in core earnings.
Following its recent Jaeger buy, M&S is diving deeper into selling additional fashion brands with news Thursday that it will add Hobbs, Joules, Phase Eight, White Stuff, Jack & Jones, Sloggi and Sosandar to its offer.
Britain's Marks & Spencer said on Thursday it would launch a wave of guest clothing brands on its website this spring, including Hobbs, White Stuff, Joules and Sloggi, in bid to accelerate online growth.
A 6% rise in quarterly sales might seem a modest return these days for a pureplay online business. But womenswear retailer Sosandar was far from modest about its performance Wednesday.
Sosandar has narrowed its losses in the latest six months with the company’s sales having surged both during and after the spring lockdown.
Sosandar had a good half-year (the period to the end of September), it said on Wednesday. Revenue surged 52% and its EBITDA loss saw “a substantial improvement”, although it didn’t give a specific figure for that loss.
John Lewis has announced the addition of 30+ new brands to its fashion, accessory and beauty offer for the autumn season. Some are already in-store with more due this month and the debuts set to continue into October.
Online womenswear retailer Sosandar remained loss-making in its latest year, but the company continues to make progress and said that the new financial year has got off to a strong start.
E-tailer Sosandar had a strong first quarter, despite the lockdown, and even edged closer to profitability in June. The company adjusted its strategy and its product mix and won new customers as a result.
Fast-growing womenswear e-tailer Sosandar said on Friday that Stephen Dilks is joining it as Finance Director as James Bowling, Head of Finance, “has decided to step down to pursue other opportunities”.