Sosandar reports revenue growth of 6% in Q3
In its latest trading update, the retailer confirmed its EBITDA loss was reduced by around 60% compared to the same period in the prior year
Sosandar, the women’s fashion retailer, has reported strong sales growth in its third quarter, confirming a revenue growth of 6% to £3.98m in the period.
In its latest trading update, the retailer also announced that EBITDA loss was reduced by around 60% compared to the same period in the previous year.
This financial performance was delivered despite a 66% reduction in marketing spend.
Overall, returns were down to 46% from 49% compared to the same period in 2019.
Ali Hall and Julie Lavington, co-CEOs of Sosandar, said: “We are extremely pleased to report another period of record performance, particularly given the significantly reduced marketing spend and extremely strong comparatives achieved in the prior year.
“It is testament to the relevance and quality of our product that we have been able to deliver such a performance without the seasonal strong sales of party dresses, and shows our ability to understand and cater to our customers’ needs.”
They added: “The agile nature of our business has enabled us to adapt quickly to the challenges and uncertainties within the retail sector.
“The resilience that the business has shown both operationally and financially demonstrates the strength of our business model and relevance of our products and customer engagement across a large end market.”
