Sosandar PLC, one of the renowned online women’s fashion labels, has announced a massive jump of 63 per cent in its fourth quarter revenue to clock £3.94 million.
The online retailer has attributed the astounding numbers to the customer activity that stepped up during the January to March quarter, with March witnessing a record jump of 66 per cent from January 2021.
The gross margin too has been improving all through Q4, with best performance seen in the month of March at 54 per cent.
The British fashion e-tailer has, reportedly, said that going forward it expects to record a yearly revenue of £12.2 million at a jump of 35 per cent.
Besides, it expects to post a narrowed loss before interest, tax, depreciation and amortisation.
With non-essential stores reopening again in England and Wales, Sosandar is seeing early signs of customers preparing their wardrobes for a busy summer.
An increase can already be seen in the sales across all main sections that include tops, colourful dresses and denim.
Sosandar creates some of the finest womenswear in its own in-house design studio.