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Birmingham Post
Birmingham Post
Business
Jon Robinson

Matalan sheds more that 700 jobs despite sales passing £1bn

Sales passed the £1bn mark at Matalan and its losses were slashed during its latest financial year, new accounts have revealed.

The Liverpool-headquartered retailer has 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.

Its losses before income tax were also cut from £131.5m to £7.7m over the same period.

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