• New FatFace shop to open in Blanchardstown Centre this May
• The Blanchardstown Centre will be FatFace’s first full price store opening in Ireland in 14 years
• The new store will be creating 12 new jobs

May 2024: FatFace has today opened a new store in Blanchardstown Centre. This expansion marks FatFace’s first full price store opening in Ireland in 14 years, adding to the 5 existing stores. Measuring approximately 2,000 square feet of retail space, the new store will allow customers to explore and purchase FatFace products, including the brand’s latest summer collection.

The opening day will be celebrated with food and drink in the new store, plus a special appearance from a local singer. The first 200 customers will also receive a purchase promotion.

The new store will create 12 new jobs, with the new crew embodying FatFace’s core values. Alongside a generous staff discount, colleagues will have access to wellbeing services, learning and self-development resources and flexible working opportunities.

FatFace currently operates 5 stores in ROI, 180 stores in the UK, and over 20 stores in the US and Canada.

Blanchardstown Centre is Dublin’s largest retail and leisure destination, covering over 1.1 million sq ft. The centre attracts high visitor numbers from Dublin and surrounding counties, with an annual footfall of over 16 million.

The centre has benefited from an extension and extensive refurbishment process over the last three years – including a full mall upgrade - with further spend planned.

The area enjoys excellent transport connections – sitting on the M50 ring road and N3 motorway, eight miles from Dublin city centre, 15 minutes from Dublin airport and on a total of 20 bus routes.

Karen Johnston, Stores Director at FatFace said: "Opening a new store in Blanchardstown is an exciting milestone for FatFace. As we return to Ireland with our first full price store in over 14 years, this expansion not only allows us to bring our latest collections closer to our customers but also underscores our commitment to growth and innovation in the retail landscape. We look forward to welcoming shoppers to our new store and building meaningful connections with the local community."

Sharon Walsh, Leasing Director at Falcon AM, asset managers for Blanchardstown Centre, commented: “We are extremely excited about the opening of FatFace. The new store responds directly to demand for a more diversified fashion offer from our catchment and closely follows several other great additions - such as Tommy Hilfiger, Calvin Klein and FLANNELS. We know our guests will be thrilled. Here at Blanchardstown, we are experiencing strong demand for space – reflecting the success of investment in the centre over the last few years, as well as the continued resilience of prime physical retail.”

ENDS

Notes

Media enquiries

Headland
Joanna Clark / Kate James
Tel: +44 (0)20 3805 4822
Email: fatface@headlandconsultancy.com

About FatFace

FatFace is a B Corp Certified British, family, lifestyle clothing brand that is Made for Life. With a unique heritage, FatFace creates product ranges across womens, mens, kids, footwear and accessories for the whole family to live life in. Our products are designed with purpose and built to last. Considered Style. Trusted Quality. Responsibly Sourced.

FatFace is a multichannel retailer with a thriving international digital business as well as 179 full price stores in the UK, 28 stores in North America and 5 in the Republic of Ireland. FatFace is a brand with sustainability at its core with a clear strategy around three key pillars – product, planet, and community.

• FatFace acquired by Next for value of £115.2 million
• Builds on recent significant financial and operational progress from the retailer
• FatFace’s operations will continue to be based in Havant and led by Will Crumbie who was appointed as CEO in 2021

13.10.23: FatFace, the leading British lifestyle retailer, has been acquired by Next for the value of £115.2 million. This builds on the existing partnership and successful trading relationship FatFace has with Next, via its LABEL online third-party brands business.

This is an important moment for FatFace and a marker of the significant strategic and operational progress the business has achieved, particularly in the past few years. This includes:

• Positive financial performance: sales growth across all channels and territories, with total sales at £282m (+15% vs prior year) and EBITDA above pre-pandemic levels
• A growing international presence: 28 stores across US and Canada and sales now 7% of total Group mix
• Thriving omnichannel model: digital sales now representing 40% of total business supporting the 180 stores across the UK
• Robust ESG strategy embedded in the business operations: recently secured B-Corp accreditation

Next’s support and expertise will enable FatFace to continue this journey, driving its growth plans over the coming years. FatFace will retain management autonomy, led by Will Crumbie – first appointed as CEO in September 2021 - and will continue to be headquartered in Havant.

Will Crumbie, CEO of FatFace commented: “This acquisition by Next today is an important next step in FatFace’s journey. Having worked together for some time as a commercial partner, Next has recognised the strong foundations - and importantly - future potential for FatFace.

“The acquisition is testament to the hard work of our FatFace colleagues who have all done a terrific job of leading the business through the pandemic; building on the brand’s strong heritage, quality product and fantastic customer service to emerge even stronger in recent years. We have great momentum. This is about helping us reach more customers – whether that be in the UK or internationally - and becoming a part of the Next family, with the backing of their Total Platform infrastructure, will help us achieve this.”

ENDS

Notes

Media enquiries

Headland
Lucy Legh / Joanna Clark
Tel: +44 (0)20 3805 4822
Email: fatface@headlandconsultancy.com

About FatFace

FatFace is a British, family, lifestyle clothing brand that is Made for Life. With a unique heritage, FatFace creates product ranges across womens, mens, kids, footwear and accessories for the whole family to live life in. Our products are designed with purpose and built to last. Considered Style. Trusted Quality. Sustainably sourced.

FatFace is a multichannel retailer with a thriving international digital business as well as over 180 stores in the UK, 20 stores in the US and a highly engaged social community. FatFace is a brand with sustainability at its core with clear strategy around three key pillars – product, planet, and community. Devoted to style, dedicated to sustainability.

Embargoed to 00:01, 6th October 2023

FatFace Group (“FatFace or “the Group”) Audited Year End Results for the 52 weeks to 27 May 2023

FINANCIAL HIGHLIGHTS

• Total sales growth of +15% to £282m (2022: £245m) with all parts of the business contributing and digital channels continuing to perform ahead of expectations:
  • Digital channels up 18% driven by increase in visits (+15%) and average order values. Digital channels now account for 40% of the business (2022: 39%)
  • UK stores performed strongly +15% like-for-like and are now back to pre-pandemic levels
  • North American sales grew 20% driven by a focus on customer acquisition in the US, strong own channel ecommerce growth and a successful launch in Canada. North America remains 7% of all business (2022 :7%)
• Underlying EBITDA (excluding adjustment for IFRS16) rose 3% to £26.0m (2022: £25.1m)
• Statutory Profit After Tax for the period trebled to £17.3m (2022: £5.8m)
• Rigorous financial controls resulted in net cash at year end of £16.8m

OPERATIONAL HIGHLIGHTS

• Broadened customer base with successful launch of Platform Plus with Next and range expansion on M&S.com in the UK, and in the US with Macy’s and Target marketplaces
• Upgraded IT systems rolled out across the business, resulting in improved stock management which will materialise in the next 12-18 months
• Achieved BCorp status demonstrating continued commitment to sustainability
• Relentless focus on customer satisfaction saw Trustpilot scores increase to 4.6/5 (2022: 4.5)

CURRENT TRADING AND OUTLOOK

• Strong start to FY24 with continued focus on full price trading leading to improved margins
• The business is on track to deliver a number of key commercial initiatives in the financial year including:
  • Expansion of Copper & Black range for Autumn/ Winter 2023
  • Launch of a new partnership with N Brown
  • An additional 4 Canadian stores, bringing the total to 8 stores, in the Toronto area
  • First 2 store openings in the Republic of Ireland since the pandemic
• The business is well placed to continue to deliver against all its objectives

Will Crumbie, CEO of FatFace, said:

“I am delighted to report this stellar set of Results, which demonstrate the strength of both the FatFace brand and our ability to execute against our objectives.

“In spite of the significant supply chain disruption experienced across the Autumn and Winter seasons, the team were able to navigate this successfully and maintain excellent customer service. My thanks go to all of my colleagues and partners for their support and dedication across the year.

“Our strategy remains simple: we are a digital-first brand, providing customers with high quality, responsibly sourced clothing for all the family, underpinned by a seamless customer experience.

“We remain relentlessly focused on executing against our plans and continuing to drive the business forward.”

ENDS

Media enquiries

Headland
Lucy Legh / Joanna Clark
Tel: +44 (0)20 3805 4822
Email: fatface@headlandconsultancy.com

About FatFace

FatFace is a B Corp Certified British, family, lifestyle clothing brand that is Made for Life. With a unique heritage, FatFace creates product ranges across womens, mens, kids, footwear and accessories for the whole family to live life in. Our products are designed with purpose and built to last. Considered Style. Trusted Quality. Responsibly Sourced.

FatFace is a multichannel retailer with a thriving international digital business as well as 179 full price stores in the UK, 28 stores in North America and 5 in the Republic of Ireland. FatFace is a brand with sustainability at its core with a clear strategy around three key pillars – product, planet, and community.

Notes

Digital is a combination of own channel ecommerce and our Partners.

• Highlights of the new range include hand painted prints, and jewellery accessories
• Launching in October, the full collection will be available online and in 80 stores – up from 30 last year
• It comes after the AW22 collection saw phenomenal growth, up 112% YOY

September 2023: British lifestyle clothing brand FatFace today announces the launch of its latest Copper & Black range, as it looks to expand the collection in store and online.

The new collection will be available in 80 stores – up from 30 last year – as well as on the FatFace website.

Whilst the collection traditionally launches in November, this year it will be available from October. It comes after FatFace saw phenomenal growth with last year’s range, with 112% growth YOY.

Originally launched more than six years ago, Copper & Black is FatFace’s premium collection for the party season. The latest range centres around modern romance, and features bold devores, woven jacquard fabrics and beautiful hand painted prints bought up to date in stunning modern silhouettes.

Whilst dresses continue to remain a key staple and make up 67% of the range, this year, FatFace is introducing a small collection of jewellery to provide the finishing touches.

Kate Brown, Product Director of FatFace said: “With people starting to think about Christmas even earlier this year,¹ we wanted to ensure that our customers have ample opportunity to find the perfect outfit ahead of the party season. The Copper & Black collection epitomises all the elements of the FatFace product formula; considered style, responsibly sourced, plus great quality. Each piece is designed to be timeless, to ensure that it can remain in your wardrobe and be reworn for the next special occasion.”

The launch of the latest Copper & Black range forms part of FatFace’s product expansion strategy. Recent collections have included partnerships with the National Forest and Marine Conservation Society. Last year, the brand announced the launch of a product personalisation service and extended pet range.

Note

Media enquiries

Headland
Joanna Clark / Kate James
Tel: +44 (0)20 3805 4822
Email: fatface@headlandconsultancy.com

About FatFace

FatFace is a British, family, lifestyle clothing brand that is Made for Life. With a unique heritage, FatFace creates product ranges across womens, mens, kids, footwear and accessories for the whole family to live life in. Our products are designed with purpose and built to last. Considered Style. Trusted Quality. Sustainably sourced.

FatFace is a multichannel retailer with a thriving international digital business as well as over 180 stores in the UK, 20 stores in the US and a highly engaged social community. FatFace is a brand with sustainability at its core with clear strategy around three key pillars – product, planet, and community. Devoted to style, dedicated to sustainability.

¹ hXps://www.retailgazeXe.co.uk/blog/2023/08/john-lewis-christmas-shop/

• FatFace is the largest UK fashion retailer to achieve B Corp™ status
• The retailer has been certified as a B Corp™ through a rigorous B-impact assessment
• The certification reflects progress made across the Company’s three-pillar sustainability strategy

20th April 2023: Today, British lifestyle clothing brand FatFace announces it has achieved B Corp™ certification, joining a group of just over 1,000 businesses in the UK.

FatFace has been certified by B Lab, the not-for-profit behind the B Corp™ movement, who take each company through a rigorous process to ensure it meets the highest standards in accountability, transparency, and social and environmental performance needed to achieve certification. Companies need to prove themselves in five key areas: Governance, Workers, Community, Environment and Customers.

FatFace’s core business strategy includes a focus on sustainability, under three key pillars – product, planet, and community. It is the progress across all three of these focus areas that led to FatFace being awarded B Corp™ certification, which is the culmination of long-term efforts to put sustainability at the core of the business.

Alongside this, FatFace’s journey to B Corp™ status has involved innovative collaboration with key partners. Most notable is the company’s 75-year partnership with the National Forest, a celebration of their long-term commitment to sustainability and being carbon neutral in the UK since 2021. Last year, FatFace also launched a partnership with Thrift+ to offer an easy way for customers to give unwanted clothes a new lease of life while supporting a charity of their choice.

Nick Stevenson, Director of Trading and Sustainability at FatFace, says, “From our responsible sourcing practices, climate conscious initiatives and inspiring charity partnerships to the wonderful people who are driving change across our business and in our local communities, becoming a B Corp™ is a celebration of all that we stand for. Our sustainability journey began over ten years ago but fast forward to today – now an international multichannel business – and we are more focused and ambitious than ever on finding ways to reduce our impact on the planet, and positively support our colleagues and the communities we operate in. Going through the B Corp™ certification process has given us valuable insight to help shape our future sustainability agenda. We’re delighted to join the B Corp™ community with a growing membership of the most responsibly run businesses in the world, all striving to make a difference.”

Chris Turner, Executive Director of B Lab UK, says “We are delighted to welcome FatFace to the B Corp™ community. This is a movement of companies who are committed to changing how business operates and believe business really can be a force for good. We know that FatFace are going to be a fantastic addition to the community and will continue driving the conversation forward. Their commitment to doing business differently will be an inspiration to others and really help spread the idea that we can redefine success in business to be as much about people and planet as it is about profit”.

There are currently over 1,100 B Corps in the UK and 6,279 worldwide. Other fashion retail industry B Corps include Patagonia, TOMs, Wolf & Badger, Allbirds and Finisterre.

Notes

Media enquiries

Headland
Joanna Clark / Kate James
Tel: +44 (0)20 3805 4822
Email: fatface@headlandconsultancy.com

About FatFace

FatFace is a British, family, lifestyle clothing brand that is Made for Life. With a unique heritage, FatFace creates product ranges across womens, mens, kids, footwear and accessories for the whole family to live life in. Our products are designed with purpose and built to last. Considered Style. Trusted Quality. Sustainably sourced.

FatFace is a multichannel retailer with a thriving international digital business as well as over 180 stores in the UK, 20 stores in the US and a highly engaged social community. FatFace is a brand with sustainability at its core with clear strategy around three key pillars – product, planet, and community. Devoted to style, dedicated to sustainability.

About B Lab UK

B Lab UK is transforming the economy to benefit all people, communities, and the planet. A leader in economic systems change, our global network creates standards, policies, and tools for business, and we certify companies—known as B Corps—who are leading the way. To date, our global community includes 6,279 B Corps in 89 countries and 159 industries, and over 150,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager.

The B Corp™ certification addresses the entirety of a business’ operations and covers five key impact areas of Governance, Workers, Community, Environment and Customers. The certification process is rigorous, with applicants required to reach a benchmark score of over 80 while providing evidence of socially and environmentally responsible practices relating to energy supplies, waste and water use, worker compensation, diversity and corporate transparency. To complete the certification, the company will legally embed their commitment to purpose beyond profit in their company articles.

http://bcorporation.uk/

Embargoed till 00:01 8th December 2022

Fulham Parent Limited (“FatFace or “the Group”) reports a Trading Update for 4 months to 1st October 2022 alongside FY22 Results for the 52 weeks ended 28 May 2022

FY23 CURRENT TRADING UPDATE (4 MONTHS TO 1ST OCTOBER 2022 VS PRIOR YEAR)

• Positive performance across all channels with total sales up +9% at £92m
• Full price sales continued to grow, led by popularity of dresses, shorts and skirts categories, resulting in improvement to gross margin at 57% up +2%
• Digital growth +13% supported by positive growth across own channel and partners
• Stores +9% LFL with particularly strong performance in travel stores and shopping centres
• North American sales +20% driven by further investment in digital channels
• Announced plans for multichannel entry into Canada, expanding international presence with up to 6 stores in the country by end of FY24. Plans in place for a further 8 stores in North America over the same time period.

FY22 SUMMARY (52 WEEKS TO 28TH MAY 2022)

• Record sales performance with revenue ahead of expectations at £244.9m
• Strong ecommerce growth of +25% to £95.8m with 37.9million visits to website, and digital sales mix of 39%
• Stores revenue of £147.2m showed a robust recovery post pandemic with strength in holiday destinations over the “staycation” summer period
• Positive North American sales at £16.2m
• New Partnerships with M&S (digital) and Next (licensed baby range) commenced during the year with good initial reaction as well as good underlying trading with existing partners. Ecommerce deliveries also resumed to the Republic of Ireland
• Underlying EBITDA (excluding IFRS16) of £25.1m
• Profitability returned to pre-pandemic levels with profit before tax at £10.9m
• Comprehensive refinancing completed in April 2022, with new Revolving Credit Facility of £25m, giving the Group flexibility and optionality for the future
• Launch of second-hand clothing offer, FatFace PreLoved, in partnership with Thrift+
• Cash generative with net cash at year end of £10.4m vs net debt of £10.0m last year
• Store estate remains highly profitable, short average lease duration of 2 years
• Total Global Active Customers 1,481,232 + 76% vs LY

Will Crumbie, CEO of FatFace, said:

“We’ve delivered a fantastic set of numbers for the current trading period and Full Year, with more customers shopping with us across all channels. We’ve made great progress with our digital transformation plans as well as enhanced our partnerships with Next and M&S. Our product designs and emphasis on quality alongside our strong brand proposition is clearly resonating with our customers and our full price approach continues to support us in maintaining healthy profitability.

“I’d like to extend my thanks to each and every one of the FatFace crew across our stores, warehouse and head office for contributing to the fantastic growth of the business.

“Looking ahead I am confident in our strategy and offer for customers. We’ve got good momentum going into the key Christmas trading period and remain focused on offering customers high quality, affordable clothing for all of the family.”

ENDS

Note

While the FY22 financial period is for the full twelve months to end of May 2022, the prior period in the filed Accounts represents 8 months of trade. Therefore, the below breakdown comparators also include FY19 – the last twelve-month period not impacted by the pandemic, to provide additional context

Media enquiries

Headland
Lucy Legh / Joanna Clark
Tel: +44 (0)20 3805 4822
Email: fatface@headlandconsultancy.com

About FatFace

FatFace is a British, family, lifestyle clothing brand that is Made for Life. With a unique heritage, FatFace creates product ranges across womens, mens, kids, footwear and accessories for the whole family to live life in. Our products are designed with purpose and built to last. Considered Style. Trusted Quality. Sustainably sourced.

FatFace is a multichannel retailer with a thriving international digital business as well as over 180 stores in the UK, 20 stores in the US and a highly engaged social community. FatFace is a brand with sustainability at its core with clear strategy around three key pillars – product, planet, and community. Devoted to style, dedicated to sustainability.

• New FatFace Outlet shop opens (24th June) in Unit 89, the Bridgend Designer Outlet Centre
• The store will be creating 13 new jobs

27 June 2022: FatFace has today announced that it has opened a new Outlet store in the Bridgend Designer Outlet Centre.

Measuring 1,464 sq feet in size, the store will allow customers to explore and purchase FatFace’s product from the last 12 months at great prices. The store will also support playing an active role in the local community which FatFace operate in through the FatFace Foundation, by donating the equivalent of 1% of our profits each year to chosen charities and with colleagues taking part in volunteer days too.

The Bridgend location is FatFace’s newest Outlet store. The brand recently opened an Outlet in Gloucester Quays, and has existing Outlets in Clarks Village, Swindon Orbital, Castleford, Dalton Park and Spalding.

The new store will create 13 new jobs, with the new crew embodying FatFace’s core values. Alongside a generous staff discount and competitive renumeration package, colleagues will have access to wellbeing services, learning and self-development resources and flexible working opportunities.

Daren Humphrey, Head of Property at FatFace said:

“We are delighted to be opening a new store in Bridgend. The Designer Outlet Centre is a fantastic location, and we can’t wait to offer our customers the chance to experience FatFace and meet our wonderful crew.”

FatFace currently has 194 stores in the UK, 5 in ROI and over 20 stores in the US.

ENDS

FatFace Values:

Living Life: Life is for living and should be an incredible adventure

Better together: The greatest fun is had spending time with those we love

Feeling good: Finding time to feel good with a healthy body and mind

Positivity and fun: Celebrating the smallest moments with the biggest smiles

Environmentally conscious: Devoted to style. Dedicated to sustainability

One community: Equality and inclusion isn’t an aspiration but the standard

Media enquiries

Headland
Joanna Clark / Kate James
Tel: +44 (0)20 3805 4822
Email: fatface@headlandconsultancy.com

About FatFace

FatFace is a British, family, lifestyle clothing brand that is Made for Life. With a unique heritage, FatFace creates product ranges across womens, mens, kids, footwear and accessories for the whole family to live life in. Our products are designed with purpose and built to last. Considered Style. Trusted Quality. Sustainably sourced.

FatFace is a multichannel retailer with a thriving international digital business as well as over 180 stores in the UK, 20 stores in the US and a highly engaged social community. FatFace is a brand with sustainability at its core with clear strategy around three key pillars – product, planet, and community. Devoted to style, dedicated to sustainability.

• New position of COO created in the business
• Existing Global Operations Director, Mark Wright promoted to role

6th May 2022: Multichannel British lifestyle brand FatFace has today announced the appointment of Mark Wright as Chief Operating Officer, a newly created role in the business.

Currently Global Operations Director, Mark joined FatFace in 2019, taking on responsibility for all stores and people. In the past three years his role extended to include oversight of FatFace’s digital-first strategy and of customer experience, alongside a number of store openings in the US on the East Coast. These responsibilities will remain in his new role, alongside a focus on supply chain and logistics, overseeing the key warehouse distribution network out of the Dunsbury Park site.

Mark will step into the role of Chief Operating Officer with immediate effect. Steve Webb, who is currently Senior Operations Manager at FatFace, will report into him.

FatFace CEO Will Crumbie said of the appointment:

“I am delighted that Mark has agreed to take on this position. Mark’s passion for people, joined up customer thinking and collaborative leadership style have been an integral part in the success of both FatFace’s growth and its operational resilience throughout the pandemic. He is a key member of the leadership team and I look forward to continuing to work with him.”

Mark Wright added:

“I am extremely pleased to continue my journey at FatFace as Chief Operating Officer. FatFace is a fantastic brand and I’m excited to continue working with the team to support our thriving FatFace crew, drive our digital first strategy and further develop our multichannel approach.”

In January 2022, FatFace reported strong half year and Christmas trading results, with an increase in sales in both the first half of the year and over the important Christmas trading period to above pre-pandemic levels. It comes as the Company focuses on executing its multichannel strategy and continuing to grow its digital presence.

ENDS

Notes

Mark has over 25 years of experience in the retail industry. He was previously Managing Director Multichannel at Jack Wills, and before that, Head of Trading Ecommerce at M&S, having started out on the graduate training programme. Wright is also an ambassador for the Retail Trust and has worked on the advisory board for organisations including Retail

Media enquiries

Headland
Joanna Clark / Kate James
Tel: +44 (0)20 3805 4822
Email: fatface@headlandconsultancy.com

About FatFace

FatFace is a British, family, lifestyle clothing brand that is Made for Life. With a unique heritage, FatFace creates product ranges across womens, mens, kids, footwear and accessories for the whole family to live life in. Our products are designed with purpose and built to last. Considered Style. Trusted Quality. Sustainably sourced.

FatFace is a multichannel retailer with a thriving international digital business as well as over 180 stores in the UK, 20 stores in the US and a highly engaged social community. FatFace is a brand with sustainability at its core with clear strategy around three key pillars – product, planet, and community. Devoted to style, dedicated to sustainability.

FatFace Group (“FatFace or “the Group”) Trading Update for the Christmas Period of 5 weeks to 1 January 2022 and H1 Results for the 26 weeks to 27 November 2021

Will Crumbie, CEO of FatFace, said:

“I’m delighted to be reporting an excellent set of Christmas trading results and I’d like to extend my thanks to all FatFace crew for their hard work throughout the peak period.

Looking back at our performance in the first half of the financial year, our focus on digital transformation supported by a highly productive store estate drove positive growth across the business with profitability returning to more normalised levels. Internationally, our US business continued to grow strongly and gives us a great platform for future growth.

As we look ahead, we will continue to execute our digital first strategy. We are on track and momentum is with us - we have a fantastic brand, a strong ESG agenda, and product ranges for the whole family to live life in.”

CHRISTMAS TRADING (5 weeks to 1 January 2022)

• Total sales growth of +22% (+3% on a 2-year like-for-like basis) with digital channels performing ahead of expectations.
  • Digital sales up +21% (+62% on 2 years) driven by average order value +14%
  • Business digital mix of 47%, up from 28% 2 years ago
  • International sales up +24% (+48% on 2 years) driven by focus on customer acquisition in the US market and strong own channel ecommerce growth
  • Most popular product categories included knitwear and nightwear
• In a highly promotional market FatFace maintained a full price proposition throughout the peak trading period.
• Strong focus on supply chain management and customer services helped mitigate the wider challenges impacting the sector.
• After the challenges of the pandemic, we closed all our stores on Boxing Day this year to allow our teams to enjoy a well-deserved break and spend time with loved ones over the festive season.

H1 RESULTS (26 weeks to 27 November 2021)

Operational Highlights

• Investment in digital transformation supported strong digital sales of +32% (+61% on 2 years) driven by increased traffic and new customer acquisition
• Business digital mix reaching 38%, up from 25% 2 years ago
• International business up 92% (+33% on 2 years). This is now 7% of the total business, driven by US ecommerce up 143% (+118% on 2 years) despite the challenges with supply chain delays and the pandemic
• Profitability (EBITDA) has returned to pre-pandemic levels, with a positive net cash position
• Launch of FatFace first ever baby collection extending the kidswear offer from new-born to 13-year- olds
• New partnerships with both M&S (online) and Next (baby range) increased brand reach and new customer acquisition

Sustainability

• Remain on track to meet our 2025 targets with two key milestones achieved in the half:
  • 100% cotton is now being sourced from sustainable sources
  • Achieved carbon neutrality across emission types 1 & 2
• Launched a new 75-year partnership with the National Forest supporting the goal to be carbon neutral
• A second-hand clothing offer, FatFace PreLoved, was also launched in partnership with Thrift+

ENDS

Notes

Digital is a combination of own channel ecommerce and our Partners
*Like-for-like stores includes UK, ROI and US, excluding travel locations

Media enquiries

Headland
Lucy Legh / Joanna Clark
Tel: +44 (0)20 3805 4822
Email: fatface@headlandconsultancy.com

About FatFace

FatFace is a British, family, lifestyle clothing brand that is Made for Life. With a unique heritage, FatFace creates product ranges across womens, mens, kids, footwear and accessories for the whole family to live life in. Our products are designed with purpose and built to last. Considered Style. Trusted Quality. Sustainably sourced.

FatFace is a multichannel retailer with a thriving international digital business as well as over 180 stores in the UK, 20 stores in the US and a highly engaged social community. FatFace is a brand with sustainability at its core with clear strategy around three key pillars – product, planet, and community. Devoted to style, dedicated to sustainability.