Sosandar is a womenswear fashion brand that started as an ecommerce retailer but now as physical presence through its own stores and also sells online via partners suchas Marks & Spencer and Sainsbury's. Retail Week provides news, analysis, features and opinion about Sosandar and the fashion sector.
The cyber-attack on Marks & Spencer and subsequent ecommerce website blackout cost fashion partner Sosandar £800,000 in revenue.
The fashion retailer says that lower revenue through M&S and a decision to halt new store openings means they are taking a “prudent view” and cutting sales expectations for this year by £2.6m.
Fashion retailer Sosandar has revised down its full-year profit and sales expectations, as it is continuing its “transition away from price promotional activity”.
Sosandar is marching ahead with store expansion despite a dip in revenue over Christmas.
Fashion retailer Sosandar is targeting further store openings after the success of the first few, and aims to strike deals to sell through other retailers as it has with Marks & Spencer and Next.
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