Chief Executive, Matalan
Under CEO Jason Hargreaves, value retailer Matalan continues to outperform a tough climate. It reported an 11.3% rise in revenues to £292m in the 14 weeks to 31 August. EBITDA after adoption of reporting standard IFRS16 was £42.8m.
Hargreaves has been instrumental in this growth, through his strategic focus on store expansion and refurbishment, improvement of its online channels and an increased choice across Matalan’s core product ranges.
During the year, opened bricks-and-mortar stores in locations such as Leeds and Wolverhampton in the UK, Mirdif in Dubai, and Riyadh in Saudi Arabia.
This took the total number of Matalan stores trading in the United Arab Emirates to 13 and 26 stores trading in the Middle East collectively – all operated by franchisee BTC Fashion.
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