Sosandar sales rocket as losses narrow

Sosandar

Sosandar has registered a surge in sales and narrowed losses during its full-year results as it “continues to expand its product range” to fuel “future growth”.

The online fashion retailer’s sales rocketed 228% to £4.44m in the year ending March 31 as gross profits soared 268% to £2.44m up from £0.67m for the same period the previous year.

EBITDA loss reduced to £3.49m from a £6m loss in the comparable period in 2018.

Sosandar co-founder and chief executive Julie Lavington said the “exceptional growth” was down to expanding product range and investing in “highly effective customer acquisition” driving repeat purchases.

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