Retail Giant Matalan Just SMASHED Q3 with 38% Profit Surge! How Did They Do It?
How did a British retailer achieve a staggering 38% rise in EBITDA during a challenging market? Matalan reported exceptional third-quarter and Christmas trading, with EBITDA soaring to £27m, driven by a 2% like-for-like sales increase. This impressive growth was significantly boosted by an 11% surge in digital sales, marking Black Friday as its strongest online day outside the pandemic. Strategic investments in digital capabilities and store refurbishments played a crucial role, with renovated stores outperforming the wider estate by 12%. The company also gained market share in key apparel categories, highlighting its successful product improvements and brand perception. For more surprising business success stories and market insights, subscribe to our channel today!
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