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Pin to quick picksSosandar Share News (SOS)

Share Price Information for Sosandar (SOS)

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Sosandar first-half sales surge as demand picks up

Thu, 07th Oct 2021 10:20

(Sharecast News) - Sosandar reported a big jump in first-half revenue on Thursday following strong trading from its own website and third parties as demand for 'going out' and work wear increased, sending shares in the online fashion brand surging.
In the six months to 30 September, revenues rose 184% from the same period a year ago to £12.2m, with record revenue in September as demand accelerated for new season products.

Website visits were up 67% to more than 6m and the number of active customers grew 41% from March.

Sosandar said the first half began "strongly" as Covid-19 restrictions eased and momentum continued to build during the period. Trading with third parties such as M&S, Next and John Lewis was "very strong", it said.

Early autumn sales have also been "very strong" as demand for 'going out' and work wear has increased.

"The company took the decision to bring in stock early for autumn, anticipating early demand for partywear, coats, boots and knitwear," it said. "Sequins, Christmas jumpers and fur coats are already best sellers."

Co chief executives Ali Hall and Julie Lavington said: "We are delighted to report another strong period for Sosandar with enhanced sales delivered across our entire product range as customers begin to return to the office and attend events. After over a year in loungewear our customers are clearly enjoying a return to fashion.

"With a substantial increase delivered in active customers, repeat customers and conversion rate, we can see the benefits of our marketing strategy, broadened range and operational improvements flowing through. Our sales continue to see great growth momentum both on the Sosandar website and with our third party partners and we are very excited about the opportunity that lies ahead for the company."

At 1100 BST, the shares were up 19% at 30.11p.
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12 Apr 2023 10:37

Sosandar predicts maiden annual profit despite investment drive

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12 Apr 2023 08:24

Sosandar swings to first ever FY profit

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16 Mar 2023 18:33

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17 Feb 2023 11:06

IN BRIEF: Sosandar closes GBP500,000 retail offer via bookbuild

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8 Feb 2023 14:27

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(Alliance News) - Sosandar PLC on Wednesday said it raised GBP5.4 million via the placing of new shares.

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(Alliance News) - Sosandar PLC on Wednesday said it proposes a placing of new shares to raise a minimum GBP4 million, as well as a GBP500,000 retail offers to allow existing UK shareholders a chance to participate.

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8 Feb 2023 08:29

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IN BRIEF: Sosandar announces death of non-executive chair

Sosandar PLC - Wilmslow, Cheshire, England-based women's clothing retailer - Announces Non-Executive Chair Bill Murray has passed away. "It is with great sadness that we learned of the passing of Bill over the weekend. He will be deeply missed by all who had the privilege of working with him. Bill has left a lasting legacy to the business and his dedication and commitment to the success and growth of Sosandar will be deeply missed. Our thoughts and condolences to Bill's family and loved ones during this terribly difficult and sad time," say Co-Chief Executive Officers Ali Hall and Julie Lavington. Says it will provide a further update in due course.

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23 Jan 2023 10:12

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10 Jan 2023 15:17

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Sosandar PLC - Wilmslow, England-based women's clothing retailer - Reports a "record" third quarter, noting that "strong" momentum has continued from the first half of its financial year. In the three months ended December 31, revenue totals GBP11.6 million, up 30% year-on-year with growth across all sales channels. Notes this is the fifth consecutive quarter of profitability for the firm. Average order value in the quarter is GBP106.37, up 11% from GBP95.69 a year prior.

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