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.
- Global supply chain trends at Sourcing at MAGIC
- Why voters don’t want more global supply chains
- Denim and athleisure top picks for back-to-school
- What's 3D-printing doing for apparel and footwear?
- Labelling – The importance of the fine print
- H&M takes action over Myanmar child labour breach
- Vietnam garment industry calls for strategy update
- Nike and Apollo create supply chain partnership
- US Q2 in brief - The Buckle, Stein Mart
- Li & Fung joins FTA in sustainable sourcing pledge
- Too Many Standards
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Under Armour, Inc. (UA) - Financial and Strategic SWOT Analysis Review
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- THE GAP, INC.: Retailing - Company Profile, SWOT & Financial Analysis