UK: Fat Face H1 earnings up 57% on sales surge
- H1 EBITDA up 57% to GBP19.6m
- Sales up 15% to GBP98.9m
- E-commerce sales rise 55%
Fashion retailer Fat Face recorded a 57% surge in first-half earnings – and said it had enjoyed record trading over the Christmas period.
The UK company highlighted a 15% sales increase in the six months to 30 November, a period during which it opened six stores and relocated four more to take its UK roster to 208.
Meanwhile, e-commerce sales were up 55% and now represent 14% of total revenues, Fat Face said.
The company maintained a full price stance in the run-up to Christmas, beginning its sale on Boxing Day, which it said was the biggest sales day in its history.
Sales for the five weeks to 4 January were up 5% against strong comparisons, with the week ending 28 December breaking records.
“Investment in our product, service and store environment continues to build trust in the Fatface brand and our reputation for offering quality, style and value for money,” said chief executive Anthony Thompson.
“Combined with the further expansion of our UK store portfolio and the rapid development of our multi-channel offer, this has led to another half-year of double-digit sales and profit growth.”
- Why China 5-year plan won't change garment-making
- ‘Fixing Fashion’ one stitch at a time
- Navigating a turbulent sourcing landscape
- Supply chains under pressure as Black Friday looms
- Jordan garment sector strong amid regional unrest
- US Q3 in brief: Burlington Stores, Guess, Chico's
- Global clothing and footwear trade to drop by 1.5%
- Cambodia living wage campaign kicks off
- New Balance launches first 3D printed running shoe
- German sustainable textile scheme heads to Vietnam
- Wearable technology: The future market potential for smart garments and e-textiles
- Practical Brand Sourcing Strategy
- Statistics: Trends in Global and Regional Man-made Fibre Production - 2015
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Trade and Trade Policy: The World’s Leading Clothing Exporters and Key Markets 2015