UK: Sourcing director exits Matalan
UK discount fashion and homewares retailer Matalan has parted company with two of its senior directors, including sourcing director Margaret Melville and commercial director Adrian Mountford.
Matalan declined to comment on the matter when contacted by just-style today (6 February).
Last month, Matalan said it remains cautious in its outlook after Christmas revenues slipped 1.5%. Total revenue edged down 0.4% to GBP309.5m (US$499m) for the 13 weeks to 24 November. EBITDA, however, increased 8.6% to GBP45.3m against GBP41.7m the prior year.
Commenting on the results at the time, chief executive Darren Blackhurst said: "Whilst headline revenues are broadly in line with last year, this should be viewed in the context of the promotional activity that took place last year."
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