Mar 12, 2019

French Connection sales fall as it makes small profit

Sales at struggling fashion chain French Connection fell last year, as a result of the "Difficult" trading conditions in the UK. Like-for-like sales, fell by 6.8% compared with the previous year, with declines both in store and online. The chain made a small profit of £100,000, compared with a loss of £2.1m in the previous year. He said the company's performance had improved despite the "Ongoing difficult retailing trading environment in the UK". During the year, the chain closed five stores and five concessions within department stores. In a statement, the group said it had expected to close more stores in the second half of the year. French Connection said last October that it was exploring all strategic options for the business, including a potential sale.

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