Matalan news and archive

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...

People

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....

People

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...

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...

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...

Business

Matalan launches ‘multi million’ brand platform dedicated to ‘family moments’

British retailer Matalan has revealed a new brand platform dedicated to families as part of its ongoing business transformation. With the goal of showing families that “we get you, and we’ve got you”, the platform looks to “celebrate the reality of everyday family moments”, marking a return to “family roots” for the retailer in a bid to cater to...

People

Matalan strengthens leadership team with five senior hires

Matalan has announced the appointment of five senior executives. Commenting on the new appointments, Jo Whitfield, chief executive officer of Matalan, said: “To attract talent of the calibre of each and every one of these individuals is testament to the strength of the Matalan brand and the opportunity that we have to deliver sustainable future...

Business

Matalan introduces GenAI to marketing tools

Value retailer Matalan has announced the introduction of Generative AI (GenAI) to its systems, providing a tool that creates detailed product descriptions of items listed on its website. To launch such a feature, the retailer partnered with digital consultancy Kin + Carta, which is helping to implement GenAI across all departments of the...

Business

Red Sea attacks reportedly impacting Matalan stock

British fashion retailer Matalan is understood to be tackling stock issues in light of the ongoing attacks in the Red Sea, where container ships are facing delays. As such, the company is said to be undergoing its own setbacks, according to Retail Week, which noted that many ships are being forced to reroute around South Africa. A spokesperson...

Business

Matalan invests 35 million pounds to lower prices of 700 essential products

Fashion and homeware brand Matalan has invested 35 million pounds to lower the prices of more than 700 products, as to support families with the high cost-of-living. The company said in a statement that the investment is funding price reductions across all core categories from January, online and in store. Prices are being cut by an average of...

BusinessFeatured

Matalan: Q2 EBITDA widens, revenue remains broadly flat

British fashion and homeware retailer Matalan has shared its financial results for the second quarter ended August 26, revealing improving profits but stalling sales. For the 13-week period, the retailer reported revenue of 288.6 million pounds, a marginal increase from the 286.4 million pounds it generated during the same period the previous...

BusinessFeatured

Matalan reports drop in Q1 revenue

British fashion and homeware retailer Matalan has reported an 8 percent drop in revenue in the first quarter, but gave an upbeat outlook on its full-year profit. The company made revenue of 263.6 million pounds in the three months to May 27, down from 286.5 million pounds a year earlier. Its EBITDA post adoption of IFRS 16 narrowed to 26.1...