Womenswear firm Sosandar cuts sales outlook after pivot away from discounts Retail Sosandar, the women’s fashion retailer, has slashed its sales predictions for the year by £5m today but said a pivot away from clothing discounts would help keep its profits on track. The AIM-listed brand reported pre-tax loss of £0.6m in the six months to 30 September, up from a pre-tax loss of £1.3m in the [...]
M&S hail fresh start as turnaround bears fruit but still ‘potential for growth’ Business Marks and Spencer‘s bosses have hailed the start of a new era for the multi-market firm as the turnaround plan it began in 2022 shows signs of having created long-term, sustainable growth potential. M&S clothing and home managing director Richard Price said that perception of the brand has improved in recent years, but there are [...]