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Matalan reports drop in Q3 sales as lockdown takes toll

Matalan has reported a drop in revenue for the third quarter of the year as lockdowns took their toll on the company’s in-store sales. For the 13 weeks to 28 November 2020, total revenue at the omnichannel fashion and homeware retailer dropped 21.5 percent to 244.8 million pounds. That drop reflected “the severe Covid-19 related disruption to...

Jan. 19, 2021