FatFace has confirmed its first-half EBITDA rose by 4 per cent to £15.5 million despite full price like-for-like sales being flat year-on-year. Online sales had increased by 6 per cent and international sales rose by 59 per cent to £8.7 million. The retailer confirmed that it is currently trading from 13 stores in the USA to which it will add another six by the end of May. It had experienced tough trading in the early weeks of the festive sales period in the UK, specifically in November with December sales in-store sales down by 6 per cent and online sales up by 16 per cent. CEO Anthony Thompson said: “Christmas shopping patterns appear to be changing, driven by Black Friday and growing consumer confidence in online delivery speed and availability. This resulted in an even later surge in December sales across our stores. A combination of our full-price strategy, international growth and investment in eCommerce and logistics’ delivered for FatFace this Christmas”.
FatFace also confirmed that Liz Evans will join the company as its new chief executive on 1 March. Evans joins from Oasis.
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