Category list : Anthony Thompson
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Total sales at lifestyle retailer Fat Face rose by 7.4% to £238.4m in the 52 weeks to 2 June, while like-for-like sales grew by 4.9%, led by a “strong womenswear performance”.
Position last year: 53
Fat Face’s stance against discounting pre-Christmas delivered 7.9% growth on full-price sales for the 54 days to 24 December 2016, compared to the same period in 2015.
Five of the best retailer insights from 2016Subscription
Some of the top names in retail aired their thoughts in Drapers on the big issues of this year in our Retailer Insight series. Here is what set the industry buzzing in 2016.
Fat Face to trial Boxing Day store closuresSubscription
Lifestyle retailer Fat Face will close 10 of its stores this Boxing Day under a new trial.
Last year’s position: 62
Fat Face has launched a price promise to reassure its customers it will not slash prices in the build-up to the Christmas period.
Retailers cannot blame Brexit for poor performances across the high street and the clothing industry is “its own worst enemy”, Fat Face chief executive Anthony Thompson said today.
Sales up at Fat Face but investment hits EBITDA Subscription
Fat Face’s sales for the year to 28 May increased 7.4% to £220.7m, but currency headwinds, a warm autumn and investment in the business meant that EBITDA dropped 8% to £33.5m.
There are times when the UK high street reminds me of an episode of The Walking Dead.