Matalan Survives Difficult Period

Summary


Matalan said that it had won through during the Christmas period, despite difficult market conditions.

The clothing store, fighting increased competition from Asda and Tesco, said an encouraging start to its autumn and winter season had continued through the key Christmas period, with same--store sales 5.3 per cent higher in the ten weeks to January 8.

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Extract


Matalan Survives Difficult Period

This is against an 8.2 per cent slump in like--for--like sales over the comparable p...

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