Matalan has hailed a strong third-quarter performance and an increase in sales in the golden quarter.
The fashion retailer posted a 38% increase in EBITDA for the quarter to November 28, 2025, which it attributed to 2% rise in like-for-like sales as well as its focus on margin and efficiencies.
Digital sales jumped 11%, with Black Friday delivering Matalan’s “strongest ever online sales day outside the Covid pandemic”.
The retailer reported that its turnaround plan had continued to gain momentum during the period, and it saw a positive reception to its revamped stores, which outperformed its wider portfolio by 12%.
Matalan has been refreshing parts of its store estate under a £25m investment during the year and has earmarked another 40 more outlets for upgrades in 2026.
It reported a positive start to its fourth quarter, with like-for-likes edging up 1% in the nine weeks to January 2, 2026. It said its women’s outerwear, men’s formalwear and sportswear categories had performed “particularly well”.
Executive chair Karl-Heinz Holland said: “Our business transformation continues to deliver tangible results, with another strong quarter of EBITDA performance, alongside a return to sales growth.
“This reflects our relentless focus on delivering better quality, style and value, underpinned by sustained investment in product, stores and digital.
“This has enabled us to outperform the market, despite a challenging trading backdrop. “Looking ahead, we look forward to welcoming our new CEO Henrik Nordvall next month, and remain confident in the business delivering sustainable, profitable growth.”
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