Thompson has led Fat Face for the past nine years, during which time he has overseen its international expansion, including the opening of stores in the US.
His continued strong stance on full-price trading and a steady sales performance earn him a place in the Power 100 this year.
Thompson first spoke out against discounting – particularly around Black Friday – in 2016. In a column for Drapers he warned that discounting was “in danger of making zombie retailers out of all of us”. That November, Fat Face guaranteed customers that it would not discount products before its planned Boxing Day Sale. This year there were discounts on offer in November, but they were not described as a Black Friday Sale.
Fat Face’s steady growth in sales and profits show discounting is not the only path. EBITDA increased by 5.6% to £30.2m in the year to 2 June, as total sales rose by 7.4% to £238.4m. Thompson will step down in January, leaving Liz Evans to write Fat Face’s next chapter.