Sosandar PLC (GB:SOS) has released an update.
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Sosandar PLC reports significant progress in its multi-channel retail strategy, marked by the successful opening of its first four physical stores in the UK and a strong improvement in gross margins to 62.2%. Despite a slight drop in revenue to £16.2m due to a strategic shift away from price promotions, the company’s efforts to enhance margins have led to a notable reduction in pre-tax losses. With robust partnerships and new initiatives, including a licensing agreement with NEXT for a homeware range, Sosandar is poised for continued growth and brand expansion.
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