Sosandar is continuing on its long march towards profitability with the online womenswear retailer saying on Tuesday that its latest year saw strong revenue growth and a substantial reduction in EBITDA losses.
Sosandar has a new head of finance. The online women's fashion retailer has promoted Steve Dilks to chief financial officer with immediate effect. He joined Sosandar last September as finance director.
So many good things to report from online women’s fashion retailer Sosandar Tuesday. For starters, it was a strong year of revenue growth, accelerating every month in Q4, and it saw a “substantial” gain in core earnings.
Following its recent Jaeger buy, M&S is diving deeper into selling additional fashion brands with news Thursday that it will add Hobbs, Joules, Phase Eight, White Stuff, Jack & Jones, Sloggi and Sosandar to its offer.
Britain's Marks & Spencer said on Thursday it would launch a wave of guest clothing brands on its website this spring, including Hobbs, White Stuff, Joules and Sloggi, in bid to accelerate online growth.
Sosandar had a good half-year (the period to the end of September), it said on Wednesday. Revenue surged 52% and its EBITDA loss saw “a substantial improvement”, although it didn’t give a specific figure for that loss.