Matalan’s revenue has grown by 4.9 per cent during the first quarter, backed by both in-store performance and 39 per cent growth of its online channel.

For the 13 week period ending May 26, the value fashion retailer’s total revenue was £265.9 million, compared to the £253.4 million over the same period last year.

Earnings before tax were £24.8 million, up from £22.3 million recorded last year.

Chief executive Jason Hargreaves said the “strong” first quarter results came from good stock management, an agile customer contact strategy and a flexible operating model.

“Our stores and online channels work in a complementary manner giving customers the convenience and flexibility they are looking for,” he said, noting the store refurbishment scheme continued.

“Greater product choice, an improved in-store shopping experience and further enhancements to the website have all been really well received,” added Hargreaves.

“We don’t expect the retail climate to improve in the short term and market conditions will remain difficult – we are therefore cautious in our outlook but confident that our strategy is delivering for customers which positions us well.”

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