Matalan narrows losses as turnaround plan gathers pace

Matalan narrowed its pre-tax loss to £54.7 million as stronger margins and higher investment supported its turnaround plan.
The fashion and homeware retailer posted a 24 per cent rise in adjusted EBITDA to £69.4 million in its full-year 2026 results.
Revenue slipped to £971.2 million from £985 million on a like-for-like basis, although the latest financial year covered 53 weeks compared with 52 weeks the year before.
Gross profit rose six per cent to £538 million, h