UK fashion and lifestyle retail giant Matalan joined many of its peers in delivering a set of pandemic-ravaged results in its latest reporting period. But fear not. Matalan’s an upbeat business far from struggling.
The first quarter of its financial year wasn't a good one for Matalan with its revenue plummeting by over 70% as Covid-19 devastated its trading. It was loss-making, but it still has plenty of cash available.