
A 6% rise in quarterly sales might seem a modest return these days for a pureplay online business. But womenswear retailer Sosandar was far from modest about its performance Wednesday.
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A 6% rise in quarterly sales might seem a modest return these days for a pureplay online business. But womenswear retailer Sosandar was far from modest about its performance Wednesday.
Sosandar has narrowed its losses in the latest six months with the company’s sales having surged both during and after the spring lockdown.
Sosandar had a good half-year (the period to the end of September), it said on Wednesday. Revenue surged 52% and its EBITDA loss saw “a substantial improvement”, although it didn’t give a specific figure for that loss.
John Lewis has announced the addition of 30+ new brands to its fashion, accessory and beauty offer for the autumn season. Some are already in-store with more due this month and the debuts set to continue into October.
Online womenswear retailer Sosandar remained loss-making in its latest year, but the company continues to make progress and said that the new financial year has got off to a strong start.
E-tailer Sosandar had a strong first quarter, despite the lockdown, and even edged closer to profitability in June. The company adjusted its strategy and its product mix and won new customers as a result.
Fast-growing womenswear e-tailer Sosandar said on Friday that Stephen Dilks is joining it as Finance Director as James Bowling, Head of Finance, “has decided to step down to pursue other opportunities”.
Womenswear e-tailer Sosandar said it has been delivering revenue growth in the unprecedented lockdown environment as well as making cost savings.
As the Covid-19 crisis continues, brands that aren’t well established will have a tough time surviving, even if they’re owned by big names. So it was no surprise to learn that River Island-backed Harpenne has been axed.
In an unscheduled update on Wednesday, Sosandar reported Q4-to-date revenue up 203% following strong trading in January, February and early March. But it added that times are starting to get tougher.