Fat Face said its plans to take the brand overseas, to the US, have progressed

Fat Face said its plans to take the brand overseas, to the US, have progressed

UK clothing retailer Fat Face has booked higher sales in its last fiscal but lower earnings as a result of unseasonably warm weather.

In the 12 months to the end of May, total sales increased by 2.7% to GBP205.4m as a result of UK space expansion and the continued growth of e-commerce, which saw sales grow 11.1%, now representing over 16.2% of overall revenues.

Lower EBITDA of GBP36.5m was recorded, compared to GBP39.3m in the prior year, primarily as a result of unseasonably warm weather in the second quarter and increased capex investment.

Fat Face said its plans to take the brand overseas, to the US, have progressed with a dedicated website now up and running and the opening of physical stores scheduled in the four quarter of this year.

“After a difficult second quarter where the sector as a whole was impacted by the unexpectedly warm weather, we traded well through the Christmas period and over the year have continued to maintain our focus on being a full price retailer,” said chief executive Anthony Thompson.

“The year ahead is a particularly exciting one as we take the Fat Face brand to the US. Our dedicated US website is already live and we look forward to the phased roll-out of physical stores, initially on the East Coast. We see a clear opportunity to offer US customers a brand which typifies an active, outdoor lifestyle but we will take a cautious and measured approach to make sure we get it right. With this, and our plans in the UK, we head into the next chapter for the business with confidence.”