Since being drafted in to lead Matalan’s management team last year, chief executive Alistair McGeorge has worked wonders for the value chain.
So confident was he of Matalan’s performance that McGeorge updated the market early with a near doubling in pre-tax profits for the year to March at £53.2 million.
He also plunged £20m into refurbishing Matalan’s stores. The refits are being supported by the launch of a Visual Academy training scheme, which will develop about 1,000 managers’ visual merchandising skills.
McGeorge also poached key designers behind Debenhams’ Red Herring brand to launch Matalan’s own young fashion brand Be Beau, which will hit stores early next year.