All Matalan articles – Page 4
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Future LeadersM&S, Kingfisher and Lidl back major retail I&D programme
Fifteen major retailers and brands have joined forces with Be Inspired, Retail Week’s six-year-old diversity initiative to promote inclusivity across the industry in 2022 and beyond.
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NewsISawItFirst names former Matalan executive as new boss
ISawItFirst has appointed former Matalan deputy chief executive Greg Pateras as its new chief executive.
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Retail Navigator Analysis
Matalan (Overview)
Matalan is one of the UK’s leading value retailers with a domestic estate of around 230 stores – mainly situated on retail parks – as well as 50 international stores, and online operations. Products range from womenswear and menswear to homeware and furniture.
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Retail Navigator AnalysisMatalan (SWOT)
Matalan is operating in a highly competitive value clothing market and risks losing share to more dynamic value players such as Primark, TK Maxx and George by Asda. Matalan’s new investment group owners committed to pouring an extra £100m in new capital into Matalan and promised an extension of debt maturities to 2027. They also agreed a £257m “day-one significant debt reduction”, which took the brand’s total debt to £336m. Matalan needs to maximise on the lifeline the new ownership offers as it moves ahead without the experience of former chair and co-founder John Hargreaves on board.
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Retail Navigator AnalysisMatalan (People)
Jo Whitfield stepped down from the CEO role at Matalan, in October 2024, after just over 18 months with the business, to “pursue a portfolio career”. The search for Whitfield’s replacement is underway with Matalan chair Karl-Heinz Holland acting as executive chair in the meantime.
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Retail Navigator AnalysisMatalan (Financials)
Matalan reported that its total revenue was down 6.2% year on year to £1,082m in the 2023 financial year to 24 February 2024 as it focused on improving underlying profit and full price sales. The drop in sales reflected “strategic decisions”, as well as challenging market conditions. Pre-tax losses narrowed by 44% year on year to £60m in FY2023.
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NewsMatalan sales slip as store closures disrupt Christmas trading
Matalan has recorded a slide in sales over Christmas after online growth failed to mitigate the impact of enforced store closures.
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NewsLeading retailers pledge to take action on diversity and inclusion in 2021
Following a year where business’ D&I agendas have come under scrutiny, 16 brands including M&S, New Look and Sainsbury’s Argos have partnered with Retail Week’s Be Inspired programme to promote diversity and empower their teams.
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NewsMatalan reshuffles board as CEO Jason Hargreaves steps down
Matalan’s chief executive Jason Hargreaves is stepping down from the fashion and homewares retailer after a seven-year tenure at the helm.
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NewsMatalan crashes to first-quarter loss as lockdown hits bottom line
Matalan has tumbled into the red on its first-quarter result as boss Jason Hargreaves described coronavirus as “the biggest challenge ever faced by the sector”.
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NewsMatalan bolsters board as full-year profits fall
Matalan’s full-year profits dropped despite a slight uptick in revenues, amid a challenging backdrop of political uncertainty and decreased spending.
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NewsMatalan founder Hargreaves asks lenders for £50m cash injection
Matalan founder and owner John Hargreaves has reportedly tapped existing lenders for a £50m loan.
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NewsMatalan Christmas sales edge up despite ‘unprecedented’ uncertainty
Matalan registered an uptick in sales during its peak trading period despite “unprecedented levels of political uncertainty”.
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AnalysisAnalysis: Who are retail’s next CEOs?
Retail Week speaks to headhunters and industry-watchers to determine which executives will be in charge of the UK’s biggest retailers over the next five years.
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NewsMatalan profits dampened by ‘awful’ spring weather
Matalan has suffered a drop in second-quarter profit as political uncertainty and “awful” weather during spring dented earnings.
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NewsCard Factory sets sights on expanding retail partnerships
Card Factory is set to roll out more partnerships and in-store concession stands following successful trials at Aldi and Matalan.
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NewsMatalan warns on margins as discounting rises
Matalan has reported a rise in first-quarter sales and earnings but cautioned that price-cutting is taking a toll on margins.
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AnalysisFive ways retailers are solving the returns problem
As retailers continue to battle with serial returners and ‘wardrobers’ – people who wear something once then send it back – Retail Week looks at five ways retailers are trying to solve the returns problem
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NewsMatalan launches in-house user experience lab
Matalan has established a user experience lab at its head office in a bid to gain a better understanding of its customer.
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NewsBrexit to hit UK retailers’ profitability, warns Moody’s
British retailers’ profitability is likely to be held back by Brexit, according to research by credit ratings agency Moody’s.
