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Sosandar PLC on Monday said it was trading in line with market expectations, with January providing ‘pleasing levels of full price sales’. The Cheshire, England-based online women’s fashion brand reported a 15% decline in revenue to £12.2 million in the three months that ended December 31 from £14.3 million a year before, as Sosandar transitions away from price promotion activity to becoming ‘a true multi-channel retailer.’ The company said its prioritisation of margin enhancement and profitability over revenue growth during the period has supported a continued positive movement in pretax profit, in line with its strategic focus. Sosandar shares were up 10% at 6.90 pence on Monday morning in London. Gross margin for its third quarter widened to 65% from 58% the prior year, with Sosandar saying the uplift is now ‘being delivered on a sustained basis’. This provides a platform to drive both ‘sustainable and profitable cash generative growth over the long-term’ towards its pretax profit target of £10 million per annum. Sosandar said its overall trading remains in line with market expectations, cited as £40.5 million in revenue and £1.0 million in pretax profit for the financial year ending March 31. These figures compare with £46.3 million in revenue and a £332,000 pretax loss in financial 2024. The AIM-listed retailer noted that January trading got off to a positive start with ‘pleasing levels of full price sales, despite the well-publicised challenging macro-environment.’ Sosandar further added that it has inked two new lease agreements for its Bath and Harrogate stores and that its licencing agreement with Next PLC for a homeware range is on track and expected to launch this autumn. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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