UK: Fat Face "resilient" as Christmas sales rise 11%
Casual clothing retailer Fat Face today (9 January) hailed the resilience of its business, after a strong first half was followed by a "record" Christmas.
The company, which has 205 stores in the UK and Ireland, said sales in the six months to 1 December surged 11% to GBP85.7m (US$137.2m).
During the period it opened seven new stores and installed a new EPOS system.
"Fat Face made important market share gains whilst restoring the brand to a predominantly full price offer," a company statement said.
"A resilient first half has now been followed by a strong trading performance over the Christmas period," added chief executive Anthony Thompson.
"During the five weeks to 5 January, store sales increased by 11% and e-commerce sales by 65%, resulting in record sales across the board.
"We're now seeing the benefits of investing in quality, style and value for money and are on track to building a stronger business for better times."
The company said it remains cautious about the outlook for the rest of this year, but expects to open another 8-10 new stores in the next financial year.
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