Fashion chain with 180 shops shuts popular branch after closing down sale launched
Fashion chain with 180 shops shuts popular branch after closing down sale launched
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A MAJOR fashion chain with 180 UK shops has shut one of its branches after 21 years. FatFace has pulled down the shutters of its store on Ecclesall Road, Sheffield, after reportedly launching a closing down sale. The Star first reported the branch would shut today, January 26, or earlier if all stock was sold.
But a staff member from a nearby shop told The Sun the store was already shuttered up while it is no longer listed on FatFace's website with a message reading "sorry, there's been an error". The branch is also described as "permanently closed" on Google.
News of the closure has been met with sadness from locals who used the shop to pick up men and women's clothing, accessories and footwear. One recently posted a picture of a closing down sign in the shop window on X, adding: "So sad our local FatFace is closing on Ecclesall Road, Sheffield!.
"I hope you are planning to open one in the town centre!". Another, posting on Facebook, said: "Another long standing shop closing.". A third said on Facebook: "It's not long when they will be all eating places.". The closure comes after FatFace was sold to fashion rival Next in October 2023 in a deal worth £115.2million.
The May before, FatFace's owners were reported to have appointed Rothschild to advise on strategic options for the company. In its most recent results, FatFace said despite a tough economic backdrop it had had a "stable" 35 weeks to January 27, 2024. It said revenue had declined by around £15million from the same period the year before, but cost savings had seen its profit before trading increase to £17.2million from £16.2million over the same time period.