French Connection total retail revenues up 3% at £52.4mn
18 Sep '06
2 min read
French Connection Group reported at the Annual General Meeting in May, we did not see the growth in our UK/Europe retail business we had been hoping for during the Spring and Summer seasons but there are signs of improvement.
Compared with the same period last year, on a like-for-like basis, our retail sales in the first half were broadly flat, but performance improved in the latter part of the period. Further, the new French Connection ranges for the winter season are having a positive impact.
We remain confident that the ranges are improving and our processes are providing more flexibility during the season. This is supported by the reaction we have had from the fashion press and from our regular customers.
However it is clear that in a difficult retail environment, returning French Connection to the front of our customers' minds will take time. While we believe that the consistent delivery of attractive ranges should be the focus of our efforts, we have also recently refocused our marketing to highlight the changes in our product ranges.
Fashion company French Connection Group designs, produces and distributes branded fashion clothing for men and women to more than 30 countries around the world from our offices in London, New York, Hong Kong and Toronto.
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