MATCHESFASHION Reports a $7.9 Million USD Loss Prior to the COVID-19 Pandemic

2020 was a volatile year for many retailers, but it appears MATCHESFASHION was navigating choppy waters in the months prior to the COVID-19 pandemic's surge. The London-based luxury retailer logged a £5.9 million GBP ($7.9 million USD) loss in the fiscal year which ended 31 January 2020. According to Business of Fashion, the company attributed the losses to investments in operations, technology and infrastructure, but revenue growth also declined. MATCHESFASHION did not provide much insight int...