Matalan sales drop 3 percent in FY16

Value fashion and homeware retailer Matalan has reported a 3 percent drop in total revenue from 1.09 billion pounds to 1.06 billion pounds for the fiscal year 2016. Revenue before exceptional items for the 52 weeks to 27 February, 2016, the retailer was 1.05 billion pounds, a 3.4 percent decrease compared to the previous year.