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Birmingham Post
Birmingham Post
Business
Jon Robinson

Online sales boost revenue and profits at retail giant Matalan

Matalan's sales jumped to almost £300m during the third quarter of its financial year, while the retailer's profits also surged after being boosted by its online operations.

The Merseyside-headquartered retailer has posted revenues of £291.4m for the 13 weeks to November 27, 2021, up from the £244.8m it reported for the same period in 2020.

In the three completed quarters of its current financial year, Matalan's revenues totalled £777.9m, a rise from £578.1m.

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