Sosandar news and archive

Despite return to profitability: Sosandar misses annual forecasts

British clothing provider Sosandar Plc experienced significant sales losses in financial year 2024/25, but was able to return to pre-tax profit. This is according to preliminary key figures published by the company on Wednesday. However, the results fell short of previous expectations, causing the share price to plummet by almost 15 percent...

BusinessMember

Sosandar on track for one million pound profit, continues store expansion

Womenswear label Sosandar has said it is on track to secure one million pounds in profit before tax (PBT) for the full year to 31 March 2025 as it continued to swing into a positive trajectory during the latest financial quarter. For the three months ended 31 December 2024, the third quarter of FY25, the company reported a revenue of 12.2...

BusinessMember

Sosandar sales drop but losses shrink as it transitions away from promotions

For the first half period, women’s fashion brand Sosandar reported revenue of 16.2 million pounds versus 22.2 million pounds in the same period of the previous year as the group continued to transition away from price promotional activity outside the major scheduled sale events. The company’s gross margin for the period was 62.2 percent versus...

BusinessMember

Sosandar to expand into homeware through Next licensing deal

Womenswear brand Sosandar is expanding its reach and stepping into the homeware market through a new licensing agreement with British retail giant Next. The deal expands on the duo’s already existing relationship, through which Next continues to stock Sosandar’s clothing range where it has seen a reported “success”, according to this latest...

Retail

Sosandar plans 50 store openings over next five years

In light of a slowing in e-commerce sales among the wider fashion industry, the online retailer Sosandar is set to enter the brick and mortar market with an ambitious nationwide expansion plan. Speaking to The Times, the retailer’s co-CEO, Julie Lavington, revealed that the company was “targeting around 50 [stores] in total” over the next three...

BusinessFeaturedMember

Sosandar reveals first store locations alongside revenue increase

British womenswear brand Sosandar has reported that its revenues have increased by 9 percent to 46.3 million pounds for the year ended March 31, 2024, alongside unveiling the location for its first two physical stores. In its full year results and trading update, Sosandar said it was transitioning into a multi-channel retailer and plans to open...

BusinessMember

Sosandar posts 9 percent increase in full year revenues

Sosandar plc reported revenue of 46.3 million pounds, up 9 percent year-on-year and improved gross margin to 57.6 percent. Sosandar believes that market expectations for the year ended 31 March 2024 are revenue of 46.8 million pounds and PBT of 0.1 million pounds. Post year-end, the company said in a release that April trading has been strong...

BusinessMember

Sosandar increases sales by 23 percent in the third quarter

British clothing supplier Sosandar Plc welcomed positive trading in the weeks leading up to Christmas and set a new sales record in the third quarter of the 2023/24 financial year. According to an interim statement published on Wednesday, sales in the months from October to December amounted to 14.3 million pounds. This corresponds to an...

People

Sosandar appoints interim chairman to permanent position

Womenswear retailer Sosandar has announced that its current interim non-executive chairman, Nick Mustoe, will now be taking on the role in a permanent capacity, as revealed in its latest regulatory filing. Mustoe was appointed to the interim position in March 2023 following the sudden passing of the company’s former chairman Bill Murray earlier...

BusinessFeaturedMember

Sosandar swings to loss but forecasts positive trading ahead

Sosandar’s first half revenue increased by 6 percent to 22.2 million pounds with a loss before tax of 1.3 million pounds against profit of 0.1 million pounds in the same period last year. During the months of October and November, the company added trading has been in line with full year market expectations of revenue of 46.8 million pounds and...

People

Sosandar appoints first creative director

Womenswear label Sosandar has appointed Emily Frazer to the newly-created role of creative director. Frazer announced the news on LinkedIn, where she said that the move was “an exciting chapter that marks a significant milestone in [her] career”. She continued: “Julie [Lavington] and Ali [Hall], the formidable founders of Sosandar, serve as...

BusinessFeaturedMember

Sosandar posts first FY profit, revenue up in Q1

British womenswear brand Sosandar has reported its first full-year profit and said trading is off to a good start in the first quarter of the current year. The company made a pre-tax profit of 1.6 million pounds for the 12 months to March 31 in what it described as a “a transformational year” and despite “challenging macroeconomic conditions”....