Sosandar shrugs off cost of living crunch after women snapped up suits and dresses in run-up to Christmas
Sosandar hailed a record quarter of sales as women snapped up suits and dresses in the run-up to Christmas.
The ‘sexy and chic’ womenswear brand said customers brushed off the spiralling cost of living crisis and turned to more expensive products.
In the last three months of the year Sosandar’s sales hit £11.6million, a 30 per cent jump from a year earlier.
Record Christmas: ‘Sexy and chic’ womenswear brand Sosandar hailed a record quarter as sales hit £11.6m, a 30% jump from a year earlier
The firm did not disclose its profits but said it was in the black for the fifth quarter in a row.
Sosandar said its average order was worth £106.37, an 11 per cent jump in a year as women opted for pricier items such as outerwear, suits and party dresses.
Sosandar was founded by Ali Hall and her co-chief executive Julie Lavington in 2015 after they quit their jobs running fashion magazine Look.
It is one of the UK’s fastest growing fashion brands, with Hall and Lavington believing it could become one of the biggest fashion brands.
But shares in the business slipped 2.3 per cent, or 0.5p, to 21.5p as the pair warned they are ‘highly vigilant’ amid a ‘challenging’ economic outlook.