Retail Human Resources plc
Matalan reports "strong start" to the year
15 June 2009 09:34
Off-price retailer Matalan has announced a strong start to the new financial year, with a 6.3% rise in core annual earnings.
In the 14 weeks to June 6th, like-for-like sales at the firm were up 8.2% and net debt was reduced from £275.3 million last year to £247.4 million.
Chief executive Alistair McGeorge predicted another year of challenging trading conditions, but said he was confident that Matalan's market position would benefit the company.
Matalan, owned by the Hargreaves family, currently has 203 stores across the UK.
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