FatFace grows sales
Lifestyle fashion retailer FatFace has reported an uplift in full year sales after it benefited from its full price trading policy.
In the 53 weeks to 3 June, total sales increased to £226.1 million from £220.7 million in the previous year.
Meanwhile, EBITDA decreased to £29.7 million from a previous £33.5 million although on a constant currency basis EBITDA was up 0.9%.
Anthony Thompson, chief executive of FatFace, said: “In rapidly changing trading and currency environments, this result again demonstrates that FatFace is a resilient business. Trading momentum picked up in the second half of 2017 thanks in part to our policy of full price trading and has continued into the summer and autumn seasons where it has remained strong.”
Throughout the period, FatFace invested in space expansion and a new 80,000 square foot distribution centre. In addition, ten new stores were opened including three in the US.
Thompson added: “Whilst the current outlook remains challenging, FatFace’s continued focus on quality, design and price integrity, positions the business very well. We are therefore confident that the current momentum will continue during the all-important winter season.”
