Matalan: Huge Losses Continue as Almost 200 Jobs Lost

Matalan losses widen to £67m

Matalan has revealed a loss-before-tax for the 52 weeks to 24 May 2025 of £67m, up from £60m the previous year, driven by “exceptional non-cash impacting items”. Total revenue fell 9% to £985m, down from £1.08bn in 2024, although performance improved in the second half, particularly online. Gross margin rose 3% to £510m, aided by supply base rationalisation and buying efficiencies. Earnings before interest, tax, depreciation and amortisation (EB…

Despite sales decline, Matalan sees greater EBITDA

Despite a drop in sales, Matalan has claimed a year of increased profitability as the British retailer continues its corporate transformation, which aims to improve digital performance, invest in shops and polish its product. Matalan’s revenue for the 52 weeks ending February 2025, was US $ 1,321 million, a 9% year-over-year decrease. Adjusted EBITDA, however, […] The post Despite sales decline, Matalan sees greater EBITDA appeared first on Appa…

Matalan sales fall below £1bn as it sheds almost 200 jobs in tough year

The Liverpool-headquartered retailer has reported a pre-tax loss of £67.2m for the 12 months to 22 February, 2025.

Matalan: Huge losses continue as almost 200 jobs lost

Huge losses have continued at Matalan as its sales dipped below £1bn and it shed almost 200 jobs. The Liverpool-headquartered retailer has reported a pre-tax loss of £67.2m for the 12 months to 22 February, 2025. The total comes after Matalan also posted a pre-tax loss of £60m in its prior year. New accounts also show its revenue fell from £1bn to £985m over the same period while the average number of people employed by Matalan reduced from 10,4…

Matalan warns on outlook as losses widen

Drapers Matalan warns on outlook as losses widen Matalan has reported loss before tax of £67m in the year to 22 February 2025, compared with a loss of £60m in the previous year, as it remained cautious about the outlook amid "a more challenging UK consumer environment". The post Matalan warns on outlook as losses widen appeared first on Drapers.

Matalan’s turnaround gains momentum with steady profit growth - Retail Gazette

Matalan has lifted its underlying profitability, despite a decline in sales, as it steps up investment in stores, online and supply chain amid its ongoing turnaround. For the year ending 22 February 2025, the value fashion and home retailer reported an EBITDA of £56m, up 6% year-on-year, driven by improved gross margin and tight cost control. Sales fell 9% to £985m, reflecting a challenging consumer backdrop and competitive market. The improved …