More than 700 jobs were shed by Matalan despite its sales passing £1bn during its latest financial year.
The Liverpool-headquartered retailer posted a revenue of just over £1bn for the 12 months to February 26, 2022, up from the £744.1m it achieved during the prior 12 months.
However newly-filed accounts also revealed the number of Matalan's employees decreased from 11,558 to 10,837 during the year.
