{"id":221924,"date":"2022-12-13T10:42:12","date_gmt":"2022-12-13T10:42:12","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=221924"},"modified":"2022-12-13T19:13:41","modified_gmt":"2022-12-13T19:13:41","slug":"sosandar-revenue-up-72-in-h1","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/sosandar-revenue-up-72-in-h1\/","title":{"rendered":"Sosandar revenue up 72% in H1"},"content":{"rendered":"<p><strong><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/the_directory\/sosandar\/\" target=\"_blank\" rel=\"noopener\">Sosandar<\/a><\/span> has revealed a 72% increase in revenue to \u00a321 million for the six months ending 30 September 2022.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>The group's profit before tax totalled \u00a3100,000, compared to a \u00a31.1 million loss in H1 FY22. Gross margin was 54.4%,\u00a0signifying a more \"normal\" post-pandemic trading period, including a planned end of season sale in August.<\/p>\n<p>Net cash was \u00a34.2 million, reflecting planned earlier delivery of Autumn stock to facilitate deliveries into third-party partners.<\/p>\n<p><strong>For the six months, Sosandar also shared the following results:<\/strong><\/p>\n<ul>\n<li>Online order number up 43% to 347,137.<\/li>\n<li>Average order frequency up 8% to 2.41 times.<\/li>\n<li>Website visits up 25% to over 7.7 million.<\/li>\n<li>Average order value up 4% to \u00a390.<\/li>\n<\/ul>\n<p>The group also reported record sales months in October and November. In addition, Black Friday saw a record number of online visits and the \"strongest sales week on record\" for its third-party partners.<\/p>\n<p>Ali Hall and Julie Lavington, Co-CEOs of Sosandar, said: \"This performance is a testament to the relevance of our strategy, unique and broad product offering and ever-increasing brand awareness, which has enabled us to continue to deliver for our customers, despite the challenging macroeconomic backdrop.<\/p>\n<p>\"Looking ahead, whilst the external environment remains challenging, it is important to note that as a business, we have successfully mitigated many of the headwinds we have faced over the past two years. We continue to trade in line with market expectations for the full-year and remain confident in the longer-term outlook for the business.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":100,"featured_media":203014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6],"tags":[9866,11222,35,10902],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sosandar revenue up 72% in H1 - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Sosandar has revealed a 72% increase in revenue to \u00a321 million for the six months ending 30 September 2022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/sosandar-revenue-up-72-in-h1\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sosandar revenue up 72% in H1 - 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