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Matalan cuts 721 jobs in FY22 as revenue increases 38 percent

British fashion and homeware retailer Matalan cut more than 700 jobs over the last fiscal year despite its revenue growing by 38 percent. In the 52 weeks to February 26, the company reduced its workforce from 11,558 to 10,837 - a loss of 721 jobs, it said Thursday. It came as the retailer increased its revenue to 1.03 billion pounds, up from...

Jun 23, 2022