Matalan profits rise despite 'tough climate'

Matalan store front

Matalan has posted an uptick in full-year profit before tax and total sales that boss Jason Hargreaves attributed to “sales, margin, and cost management performance”.

The fashion and homeware retailer posted a 3.8% total sales increase to £1.1bn for the 52 weeks to February 23.

Profit before tax increased to £30.1m up form £20m for the same period last year.

The value retailer’s fourth quarter total sales increased 4.5% to £267.3m during the 13 weeks to February 23 with an uptick in EBITDA to £14.8m compared with £14.6m for the same period last year.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Three free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.