Matalan sees improved trend in fashion sales

Retailer Matalan today said it had stemmed a decline in the sales of clothes but was still being let down by poor demand for its household goods.

Like-for-like sales of garments recovered slightly from a 5% fall in the first six months of its financial year to a 4.5% drop by the end of its full year on February 25. Homeware sales continued to be disappointing following a poor performance over Christmas.