Sosandar<\/a><\/span> has reported a 30% increase in revenue to \u00a311.6 million for the three months ending 31 December 2022, with \"strong\" revenue growth seen across all sales channels.\u00a0<\/strong><\/p>\n<\/p>\n
The strong performance is a testament to its \"agility, underpinned by a unique quality product offering, highly effective marketing strategy and increasing brand awareness\" across its target market, according to the company.<\/p>\n
Across the period, all product categories experienced growth, with knitwear, formal tailoring, coats and partywear performing \"exceptionally well\" throughout the season.<\/p>\n
Average order value increased 11% to \u00a3106.37, due to customers buying into higher priced items and categories such as outerwear, tailoring and occasionwear.<\/p>\n
Gross margin was 56.8%, whilst net cash totalled \u00a34.6 million as at 31 December 2022.<\/p>\n
Ali Hall and Julie Lavington, Co-CEO's of Sosandar, said: \u201cWe are pleased to be reporting another record trading performance for Sosandar and a fifth consecutive quarter of profitability for the group. Our agile business model, expanded product offering and ever-increasing brand awareness has allowed us to deliver what our customers want and to continue dressing women to feel sexy and chic.<\/p>\n
\"Whilst the macro-economic environment remains challenging, and we remain highly vigilant, we continue to demonstrate that our differentiated model is capable of achieving sustained profitable growth. As a management team, we have complete confidence in our brand, unique product, amazing colleagues and our ability to continue executing on our strategy.<\/p>\n
\"The strength of our brand and product range continues to be recognised by third party retailers and as a result we are really excited by a number of new opportunities for growth being presented to us across various sales channels and territories.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
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Sosandar reveals 'record' Q3 sales - TheIndustry.fashion<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n