Matalan
This coverage explores Matalan’s strategy and performance in the UK retail sector, focusing on store operations, financial results, leadership decisions, and brand positioning. Reporting highlights how Matalan responds to market challenges and customer trends, offering insights for retail executives, managers, and professionals monitoring value-focused and family-oriented retail.
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Jul- 2022 -26 JulyPeople Moves
Matalan founder returns as chairman
Matalan has announced that its founder, John Hargreaves, will return to the company as chairman, effective immediately. In this role, Hargreaves replaces Steve Johnson, the Matalan’s executive chair, who is stepping down from the board. Johnson first joined the business as non-executive chair, and he agreed to step into an…
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12 JulyEconomy
Matalan revenues up 29% in Q1
Matalan has revealed that its total revenue for the 13 weeks to FY23 currently sits at £286.5m, which shows a 29% year-on-year increase compared to last year’s £221.8m. The company’s EBITDA post adoption of IFRS16 also reached £44.4m so far this year, showing an increase of £2.6m compared to £41.8m …
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Jun- 2022 -23 JuneEconomy
Matalan FY revenues surpass £1b
Matalan has revealed its revenues for the 52-week period ending 26 February 2022 reached just over £1bn, up 38% from the £744.1m it achieved during the prior 12 months. It also reported EBITDA post adoption of IFRS16 of £197.8m, compared with £80.5m from the previous year. Also during the period,…
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13 JuneClothing & Shoes
Matalan lenders eye up advisers amid talks over retailer’s future
Matalan lenders are reportedly eyeing up appointing advisors ahead of talks about the retailer’s future financing in the face of current economic uncertainty caused by the cost of living crisis. According to Sky News, Matalan’s senior bondholders are in talks with Perella Weinberg Partners to discuss options with them set…
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Feb- 2022 -21 FebruaryGovernment
Matalan founder Hargeaves loses 20-year court battle over tax bill
Matalan founder John Hargreaves has lost a long-running court battle with HMRC as he attempts to avoid a tax bill that may reach up to £135m. He has now been ordered to pay the tax bill after the Upper Tier Tribunal ruled he owes Capital Gains Tax in relation to…
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Jan- 2022 -17 JanuaryClothing & Shoes
Matalan revenues reach £777.9m
Matalan has reported its total revenues increased 19% to £291.4m for the 13 weeks ending 27 November 2021 (Q3), compared to £244.8m in the same period in 2021, meaning its total revenue has reached £777.9m from the previous total of £578.1m. The company’s operating profits also increased by 370% from…
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Dec- 2021 -17 DecemberOnline & Digital
Matalan partners with The Hut Group in new digital drive
Matalan has partnered with THG Ingenuity in a bid to accelerate its digital drive and support “extensive” online growth, in what is the first leg of a multiyear investment roadmap. The latest partnership with THG Ingenuity is said to represent a new and strategic alliance that will see the introduction…
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Oct- 2021 -25 OctoberClothing & Shoes
Missguided seeks emergency funds amid supply chain crisis
Following the report from the Times, a spokesperson for Missguided told Retail Sector: “The weekend media reports regarding Missguided are not accurate – Rothschild continues to manage our investment process. “While we continue to talk to a range of parties as part of that process, this kind of incorrect speculation…
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20 OctoberNews
Matalan revenues up 2.6% despite supply chain issues
Matalan has revealed its revenues increased by 2.6% to £264.7m during the 13-week period ending 28 August 2021. The retailer reported revenue in the second quarter of £264.7m, up from £258m year on year, with pre-tax profits of £11m up from a loss of £24m for the same period of…
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Aug- 2021 -6 AugustClothing & Shoes
Matalan to create 200 jobs as part of Kickstart scheme
Matalan has announced that it will be creating over 200 placements across its business to assist young people in gaining long-term employment. The retailer will be taking part in the government’s £2bn Kickstart scheme, designed to support employment for 16 to 24-year olds by offering them industry qualifications and work…
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