Winners and losers from the retail world
News covered in our free update here includes another impressive trading update from a business operating at the value end of the retail sector. Elsewhere, an online fashion retailer continues to struggle and has decided a significant change in strategy is warranted. Read on here for this and other news.
Sosandar: spinning a yarn! Having previously convinced investors of the merits of its online model, online fashion retailer Sosandar (AIM:SOS), has had a dramatic change of thinking. With “clear evidence” of consumers increasingly shopping on the high street, Sosandar has now decided to develop its own bricks and mortar presence, with the launch anticipated in Spring 2024. In addition, due to strong interest from overseas, it is also expanding its presence internationally, initially in Australia and Canada. It would be nice to think that someone in this business has run a physical fashion store previously, however small, but we aren’t…