Mothercare evolves | Sosandar raises yet more cash
While online womenswear brand Sosandar is still struggling to generate a profit, it seems to have no trouble securing the desired funding from patient shareholders. Elsewhere, one of our Stonking Small Cap selections announced fabulous results. Find out more about these and other updates from AIM here.
Mothercare: asset light business evolvesMothercare (LON:MTC), which moved to AIM from the Main Market in March, reported net worldwide franchisee retail sales for the financial year to March 2021 of £326m, down 40% on the prior year, as the pandemic impacted its franchisees around the world. It now expects to report a small EBITDA profit, before adjusting items, for the year, an improvement on the prior year’s loss. With the store estate gone, Mothercare continues to work towards its goal of becoming an asset light business. This has been helped by the implementation of a new way of stock purchasing,…