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Gloucestershire Business News

Matalan sales on the up

Matalan is defying the challenges facing the UK high street, with a 4.9 per cent rise in revenue in its first quarter.

The value fashion retailer said sales came in at £265.9 million in the 13 weeks to 26th May, compared to £253.4 million recorded in the same period last year, as reported by Retail Gazette.

The company, which has stores in Gloucester and Cheltenham, has an ongoing store refurbishment programme and said sales were on the up in both its stores and online. Online sales were particularly strong, growing by 39 per cent.

The company believes its success is down to good stock management and its stores and online offer working well together, giving customers flexibility and convenience.

Matalan doesn't believe the retail climate will improve in the short-term and is cautious in its outlook, but confident its strategy is working well for customers.

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