Recession?: Halfway profits slump at Matalan

[milanbenes]

http://business.timesonline.co.uk/ar...852559,00.html

Struggling discount clothing retailer Matalan predicted no let-up in tough high street trading conditions as it revealed that pre-tax profits at its half-year stage had plunged by more than a quarter.



Milan.

[mcquiggd]

Suprising really considering Britain is now full to the brim with cheap-tat wearing scum.

Id have thought Matalan and Primark would be earning a fortune - so would Gerald Ratner - he had the perfect marketing slogan for Britain under Nu Labours ....

He was just ahead of his time.

[Phoenix]

Suprising really considering Britain is now full to the brim with cheap-tat wearing scum.

Id have thought Matalan and Primark would be earning a fortune - so would Gerald Ratner - he had the perfect marketing slogan for Britain under Nu Labours ....

He was just ahead of his time.

I think you will find that the "Chav" following go for name branded gear...Would they be seen dead in a top with MATALAN written across it?

[planetit]

Id have thought Matalan and Primark would be earning a fortune

Primark are earning a fortune.

[MarillionFan]

Chav Chic is all the rage isnt Milan.

Profits are up at MF's shop this year, sales are down.

[thunderlizard]

I disagree with all this. Matalan's a discount clothing warehouse (so I'm told). It's where people have to go when they can't afford anything upmarket. So it will be a recession when their sales pick up, not when they turn down.