UK-based fashion retailer Fat Face is all set to foray into the US market after recording a 29% rise in Ebitda over the year to June 1 as well as a 9% or 12% sales jump on a 52-week basis to $274 million (£179 million). Currently the company is scouting for locations on the east coast for its first US store, which it plans to open in the next two years.“We have conducted extensive research, which reflects that there is a critical audience in the US that the brand can target. The customer base in the US is sufficiently big to make our business scalable in the long-term,” says Anthony Thompson, chief executive of Fat Face.
“It has been a positive year for Fat Face. We have seen record sales, improved earnings and created a firm foundation for continued growth. Our online sales jumped 27% over the year. We also launched the click-and-collect facility earlier this year, which now accounts for 30% of our online orders,” adds Thompson.
“These are very strong results. Fat Face is in good shape and ready for its next phase of growth here in the UK – online and internationally,” adds outgoing Fat Face chairman Alan Giles who will be succeeded by Sir Stuart Rose.