Sosandar at ‘inflection point’ despite softer trading

Sosandar has lowered its profit guidance for the year as it continues its shift away from promotional activity.
The fashion retailer said its pre-tax profits were “softer than we had hoped” due to slower February sales and the business not chasing volume through price promotions.
As a result, it has revised down its previous guidance of a pre-tax profit of £1m to be not less than £500,000.
The retailer’s full-year sales also fell short of expectations, coming in at