Matalan plans 10 new stores despite ‘challenging economic backdrop’

Matalan has delivered improved underlying profitability despite a revenue fall.
For the 52 weeks ended 22 February 2025, total revenue fell 9% year on year to £985m, reflecting a deliberate focus on profitability rather than top-line growth amid intense competition.
However, adjusted EBITDA rose 6% to £56m, supported by a 3% improvement in gross margin to £510m.
The performance strengthened significantly in the second half of the year. EBITDA improved by £11m in H2, inclu