Sosandar has its annual general meeting on Monday and ahead of this, the company issued an update that said the increased investment it has made into marketing and product “is producing very good results”.
No matter how well a company is doing, cash flow is a key issue and smaller firms need a healthy cash balance to grow. So it’s interesting that fast-expanding (but small) Sosandar has announced a £7m share placing.
Womenswear e-tailer Sosandar released its full-year results on Wednesday and turned in yet another giant leap in sales for the year to the end of March. And fast growth has continued into Q1, despite the tough backdrop.
The start of another week and news of another UK fashion retail chain seeking a CVA and planning to close a raft of stores with Monsoon Accessorize having struggled for some time against a weak retail environment.
Sosandar is proving there are massive opportunities in the ‘underserved’ over-40s market. The online fashion company, with only 2.5 years of existence, has announced strong revenue growth of 228% to £4.44m.
Sosandar is continuing its sales climb with the company saying that its revenue soared over 400% in the latest half and that current trading is in line with expectations, its website seeing “record sales” in October.