Womenswear business Sosandar posted sales of £11.5m for the three months to 31st December 2022, which is 30 per cent higher year on year. Its AOV had reached £106.37, 11 per cent up, as customers bought its suits and dresses. Gross margin had also improved over Q3 ’22.
Co-CEOs Ali Hall and Julie Lavington said: “We are pleased to be reporting another record trading performance for Sosandar and a fifth consecutive quarter of profitability for the group.
“The momentum built in H1 has continued and we are thrilled to report both strong revenue growth and improved margins compared with the first half of the financial year. As a result of our strategic initiatives, we had a record number of visits to Sosandar.com in the quarter and we have seen our customers investing in higher value items throughout the winter season.”