Fat Face hails 7.4% rise in sales amid tough high street trading

Fat Face promotions

Sales rose 7.4 per cent for Fat Face in its full year to June 2, despite tough high street trading conditions and unseasonal weather skewing consumer buying habits.

In the 52 weeks to June, sales increased to £238.4 million, representing a like-for-like growth of 4.9 per cent across the chain.

Online sales, which make up 20 per cent of Fat Face’s revenue, were up 11.8 per cent year-on-year.

Despite industry-wide concerns over prolonged inclement weather in spring 2018, Fat Face said sales of its womenswear lines had driven the growth, with EBITDA up 5.6 per cent to £30.2 million for the year.

Fat Face’s chief executive warned that despite the impressive results, there was “no prospect” for improvement in the UK’s retail environment on the horizon.

“The current retail environment remains difficult and there appears to be no prospect of conditions improving in the short term,” chief executive Anthony Thompson warned.

“We will continue to be focused on quality, design and price integrity and will seek to continue the positive momentum in today’s results in the coming 12 months,” he added.

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