Matalan narrows losses as turnaround plan gathers pace

Matalan narrowed its pre-tax loss to £54.7 million as stronger margins and higher investment supported its turnaround plan. The fashion and homeware retailer posted a 24 per cent rise in adjusted EBITDA to £69.4 million in its full-year 2026 results. Revenue slipped to £971.2 million from £985 million on a like-for-like basis, although the latest...