Browsing Tag
NEXT
2 posts
Sosandar lifts revenue 11%, but £14.3m costs cloud the margin recovery
Sosandar's first-half revenue increased 11% to £20.8 million as gross margin widened and its adjusted pre-tax loss narrowed. The improvement suggests stronger product economics, but higher operating costs, flat direct-channel revenue and inventory-related cash movements complicate the path back to sustainable profitability.
Clothing retailer NEXT to acquire majority assets of lifestyle brand Joules
UK’s online clothing retailer NEXT, through a newly formed company, has collaborated with Tom Joule to acquire out…