FatFace fell to a loss during its latest financial year, despite claiming it had “focused on profit over sales growth”.
The fashion brand saw pre-tax losses slump to £3.2m for the 35 weeks ended 27 January, from a £19.5m profit the year prior.
The retailer noted it had seen exceptional costs of £7.9m for the period, which it said mostly related to its acquisition by Next last year.
FatFace was snapped up by the fashion and homewares giant in October 2023 for £115m.
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Sales at the chain came in at £191.5m, while UK specific revenues hit £172.5m for the period.
FatFace CEO Will Crumbie said: “Against the backdrop of a challenging external environment, we have delivered a robust performance for the 35-week period.
“Our focus on full price sales led to an improvement to margin and profit before tax as our beautiful products continue to resonate with our growing customer base.”
He added: “Our stores continue to be fantastic places to visit and shop, and our digital presence remains a key part of our offer.”
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