Matalan’s EBITDA rose 38% YoY to £27m in Q3, supported by 2% LFL sales growth. Online sales saw an 11% increase, with Black Friday as the strongest online sales day. Refurbished stores outperformed, with plans to refurbish 40 more. Over Christmas, LFL sales rose by 1%, gaining market share in key categories.

The retailer attributed its success to digital investments, with a new app and loyalty scheme in the works. Womenswear and menswear performed well, with improvements to product range and brand perception. Matalan outperformed the market from October to December, with year-on-year sales growth ahead of competitors. Henrik Nordvall will become CEO on 2 February.

Former H&M executive Nordvall was named CEO last October. Matalan’s strong Q3 and Christmas trading results were originally reported by Retail Insight Network.

Read more at Yahoo Finance: Matalan reports strong Q3 and Christmas trading