FatFace shuts US stores, goes online-only there, annual sales and profits fall but current year improves
Published
August 12, 2025
FatFace is to shutter all 23 US stores as the Next-owned fashion and lifestyle retailer adopts a digital-only sales approach in North America while moving its growth focus to the UK and new markets. FatFace
Rising costs and economic uncertainty had made the current omnichannel model unviable, according to reports. The US closures will see the loss of 145 jobs.
FatFace will instead continue to invest in its UK stores while expanding into new international markets with an online offer in the coming months.
The retailer has been busy growing its physical presence in the UK having opening three new stores and refurbishing others this year. It trades from 170 stores in the UK and employs around 2,400 staff.The news came amid reports that FatFace (whose results are usually filed in October) saw a dip in full-year sales and profits in the year to 25 January as the brand migrated its online ops onto Next's Total Platform.It posted a 21% decline in pre-tax profit to £16.9 million. Sales fell 11% to £237.4 million, due to the focus on full-price sales and its 'smarter' product proposition across womenswear, menswear and accessories.However, following that, pre-tax profit has risen during the first half of its current financial year, boosted by a 6.6% uptick in full-price sales and 3.4% increase in like-for-like store revenue. Trading through Next has surged 86% year-on-year, following the retail giant's acquisition of FatFace at the end of 2023.
FatFace CEO Will Crumbie talked of 'good progress in executing our strategy and financial objectives. We continued to focus on full-price sales, with a strategic approach to discounting at specific times of the year. Our store network continues to be a core part of our offer with new stores opened in the year.'
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19 hours ago
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FatFace shuts US stores, goes online-only there, annual sales and profits fall but current year improves
FatFace is to shutter all 23 US stores as the Next -owned fashion and lifestyle retailer adopts a digital-only sales approach in North America while moving its growth focus to the UK and new markets. Rising costs and economic uncertainty had made the current omnichannel model unviable, according to reports. The US closures will see the loss of 145 jobs. FatFace will instead continue to invest in its UK stores while expanding into new international markets with an online offer in the coming months. The retailer has been busy growing its physical presence in the UK having opening three new stores and refurbishing others this year. It trades from 170 stores in the UK and employs around 2,400 staff. The news came amid reports that FatFace (whose results are usually filed in October) saw a dip in full-year sales and profits in the year to 25 January as the brand migrated its online ops onto Next's Total Platform. It posted a 21% decline in pre-tax profit to £16.9 million. Sales fell 11% to £237.4 million, due to the focus on full-price sales and its 'smarter' product proposition across womenswear, menswear and accessories. However, following that, pre-tax profit has risen during the first half of its current financial year, boosted by a 6.6% uptick in full-price sales and 3.4% increase in like-for-like store revenue. Trading through Next has surged 86% year-on-year, following the retail giant's acquisition of FatFace at the end of 2023. FatFace CEO Will Crumbie talked of 'good progress in executing our strategy and financial objectives. We continued to focus on full-price sales, with a strategic approach to discounting at specific times of the year. Our store network continues to be a core part of our offer with new stores opened in the year.'
Fashion Network
a day ago
- Fashion Network
FatFace shuts US stores, goes online-only there, annual sales and profits fall but current year improves
Home › News › Business Published August 12, 2025 Download Print Published August 12, 2025 FatFace is to shutter all 23 US stores as the Next-owned fashion and lifestyle retailer adopts a digital-only sales approach in North America while moving its growth focus to the UK and new markets. FatFace Rising costs and economic uncertainty had made the current omnichannel model unviable, according to reports. The US closures will see the loss of 145 jobs. FatFace will instead continue to invest in its UK stores while expanding into new international markets with an online offer in the coming months. The retailer has been busy growing its physical presence in the UK having opening three new stores and refurbishing others this year. It trades from 170 stores in the UK and employs around 2,400 news came amid reports that FatFace (whose results are usually filed in October) saw a dip in full-year sales and profits in the year to 25 January as the brand migrated its online ops onto Next's Total posted a 21% decline in pre-tax profit to £16.9 million. Sales fell 11% to £237.4 million, due to the focus on full-price sales and its 'smarter' product proposition across womenswear, menswear and following that, pre-tax profit has risen during the first half of its current financial year, boosted by a 6.6% uptick in full-price sales and 3.4% increase in like-for-like store revenue. Trading through Next has surged 86% year-on-year, following the retail giant's acquisition of FatFace at the end of 2023. FatFace CEO Will Crumbie talked of 'good progress in executing our strategy and financial objectives. We continued to focus on full-price sales, with a strategic approach to discounting at specific times of the year. Our store network continues to be a core part of our offer with new stores opened in the year.' Copyright © 2025 All rights reserved.
Fashion Network
a day ago
- Fashion Network
FatFace shuts US stores, goes online-only there, annual sales and profits fall but current year improves
Home › News › Business Published August 12, 2025 Download Print Published August 12, 2025 FatFace is to shutter all 23 US stores as the Next-owned fashion and lifestyle retailer adopts a digital-only sales approach in North America while moving its growth focus to the UK and new markets. FatFace Rising costs and economic uncertainty had made the current omnichannel model unviable, according to reports. The US closures will see the loss of 145 jobs. FatFace will instead continue to invest in its UK stores while expanding into new international markets with an online offer in the coming months. The retailer has been busy growing its physical presence in the UK having opening three new stores and refurbishing others this year. It trades from 170 stores in the UK and employs around 2,400 news came amid reports that FatFace (whose results are usually filed in October) saw a dip in full-year sales and profits in the year to 25 January as the brand migrated its online ops onto Next's Total posted a 21% decline in pre-tax profit to £16.9 million. Sales fell 11% to £237.4 million, due to the focus on full-price sales and its 'smarter' product proposition across womenswear, menswear and following that, pre-tax profit has risen during the first half of its current financial year, boosted by a 6.6% uptick in full-price sales and 3.4% increase in like-for-like store revenue. Trading through Next has surged 86% year-on-year, following the retail giant's acquisition of FatFace at the end of 2023. FatFace CEO Will Crumbie talked of 'good progress in executing our strategy and financial objectives. We continued to focus on full-price sales, with a strategic approach to discounting at specific times of the year. Our store network continues to be a core part of our offer with new stores opened in the year.' Copyright © 2025 All rights reserved.
