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FatFace’s first half boosted by strong Christmas

FatFace increased its like-for-like sales by by 8% in the five weeks to 6 January. Total sales were up 12% as the retailer enjoyed its biggest ever… View Article

FASHION

FatFace’s first half boosted by strong Christmas

FatFace increased its like-for-like sales by by 8% in the five weeks to 6 January.

Total sales were up 12% as the retailer enjoyed its biggest ever trading week in the week ending 30 December and a record week for full price sales the week before.

FatFace chief executive Anthony Thompson said: “Our trading performance over the Christmas period has been strong on all fronts. We continue to believe that giving our customers price integrity before the big day has been central to this performance.”
 
The company has also released trading figures for the six months to 2 December. During the period, total sales were up 12% to £120 million while EBITDA rose by 8% to £14.9 million. On like-for-like basis, sales climbed by 7%.

International sales increased by 61% to £5.5 million. The retailer now has six stores open in the US and will launch a further three shops in the country in February.

Thompson added: “FatFace has outperformed the market in the first half while maintaining a full price trading stance. Our US stores continue to perform well and we look forward to further openings in 2018 and beyond. This together with a new distribution centre and launch of a new website underpinned a great first half for the group.”

 

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