Marks & Spencer, which resumed promoting third-party manufacturers on-line final week, is Sosandar’s second-biggest third-party associate after Subsequent.
The womenswear enterprise, which began as an ecommerce DTC model earlier than increasing into Sainsbury’s, Subsequent and Marks & Spencer, returned to the black within the 12 months to 31 March 2025, with an adjusted revenue earlier than tax of £200,000.
This was adjusted to exclude a one-off value of £200,000 of shifting warehouse. Sosandar had made a lack of £300,000 the prior 12 months.
That is amid a 20% decline in full-year gross sales because it restricted promotional exercise and opened six new shops throughout the UK. The enterprise generated gross sales of £37.1m, down from £46.3m within the 12 months earlier than.
Throughout the monetary 12 months, Sosandar opened its first six shops throughout market cities together with Chelmsford and Harrogate, which outperformed procuring centre areas reminiscent of SouthGate in Tub.
It stated it has a “strong” web money place of £7.3m regardless of self-funding the rollout of its shops – £8.3m as at March 2024.
Sosandar co-CEOs Ali Corridor and Julie Lavington stated they’re “centered on getting [Sosandar’s] present portfolio to profitability earlier than opening any additional shops”.
“This determination, alongside the persevering with impression from the Marks & Spencer cyber incident on our third-party gross sales, means we’re moderating our expectations for income and revenue development within the present 12 months.”
Present monetary 12 months income is anticipated to rise 18% 12 months on 12 months to £43.6m, with an anticipated revenue earlier than tax of £400,000. Sosandar beforehand anticipated revenues of £46.2m and adjusted revenue earlier than tax of £1.5m.
