Sosandar
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Apr- 2025 -16 April
Today’s news in brief-16/4/25
Inflation in the UK fell more than expected to 2.6% in March 2025, down from 2.8% in February, driven by declines in petrol prices and recreation and culture costs, according to the Office for National Statistics (ONS). The largest downward contributions came from motor fuels, housing, and household services, while…
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16 AprilClothing & Shoes
Sosandar lowers profit expectations amid softer trading
Sosandar has revealed it expects its full-year profits to be no less than £500k for the year ended 31 March 2025, up from the £0.3m loss it posted in FY24, but lower than its original expectation of £1m. The retailer posted revenues of £37.2m, down from £46.3m in the previous…
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Feb- 2025 -19 FebruaryProperty
Landsec given permission to revamp former Debenhams into city square
Landsec has secured planning permission from Cardiff City Council to transform a former Debenhams unit into a 102,000 sq ft city square. The redevelopment, designed in collaboration with over 5,000 local residents, will respond to consumer demand for high-quality leisure experiences, green spaces, and family-friendly environments. Bruce Findlay, managing director…
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6 FebruaryShopping Centres
Metrocentre sees 9.2% footfall increase in 2024
Metrocentre has announced a “record-breaking” year as it saw a 9.2% year-on-year footfall increase in 2024. During the year, the destination welcomed 15.8 million visitors, a 10% increase on 2023. Sales performance also surpassed the previous year by 5.3%, with F&B, sports fashion, and health and beauty experiencing the biggest…
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Nov- 2024 -27 NovemberNews
Reiss opens new store at Metrocentre
Reiss has announced the opening of its brand new store at Metrocentre shopping destination in Newcastle. The 3,933 sq ft store in lower Red Mall will stock the brand’s premium collection of fashion and wardrobe pieces. The store is also home to the region’s only Reiss childrenswear collection. In addition,…
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26 NovemberNews-In-Brief
Today’s news in brief-26/11/24
AO World has raised its full-year profit forecast to between £39m-£44m after reporting a 30% rise in pre-tax profits to £17m for the six months ending 30 September. Despite adverse summer trading conditions due to wet weather, which affected cooling product sales, AO’s B2C retail revenue grew 13%. Group revenue…
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26 NovemberClothing & Shoes
Sosandar HY losses narrow
Sosandar has revealed that its losses have narrowed to £0.7m, down from £1.3m, for the half year ended 30 September 2024. The brand put this positive swing down to margin enhancement and continued careful cost management. However, the company’s revenues fell to £16.2m, down from £22.2m, as the group continued…
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5 NovemberNews
Sosandar signs licensing agreement with Next for homeware range
Women’s fashion brand Sosandar has announced it has signed a licensing agreement with Next for a Sosandar homeware range. Following the success of Sosandar’s clothing range sold through Next, Next is extending its partnership to licensing the Sosandar brand to develop a homeware range. Next is one of the largest…
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Oct- 2024 -22 OctoberNews-In-Brief
Today’s news in brief-22/10/24
Mulberry’s board has backed Challice, the majority shareholder, in rejecting Frasers Group’s increased £111m takeover bid. Challice made it clear last week that it has no intention of selling its shares or offering any commitment to Frasers. Mulberry’s board emphasised its unanimous decision to reject the offer, focusing instead on…
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22 OctoberClothing & Shoes
Sosandar HY losses narrow to £0.7m
Women’s fashion brand Sosandar has revealed that its losses narrowed to £0.7m, from a loss of £1.3m, for the six-month period ended 30 September 2024 as a result of margin enhancement and continued careful cost management. Overall, the group’s revenues fell from £22.2m in the prior year to £16.2m as…
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