Printer Friendly

French starts to connect.

Fashion chain French Connection has said it is putting last year's financial troubles behind it as recent sales growth pointed to the "start of a new phase".

The group saw 3% like-for-like sales growth in its UK and Europe retail division over the three months to the end of April, offering hope that 2007 will not see a repeat of the double digit profit falls seen in the past two years.

French Connection reported pre-tax profits down 67% to pounds 4m for the year ended January 31, coming after a 53% profits drop the previous year.

The high street label said, despite poor autumn and winter forward orders for its UK and European wholesale business, it was pleased with the performance of its French Connection range, which was "driving improvement in our business".
COPYRIGHT 2007 MGN Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Journal (Newcastle, England)
Date:May 17, 2007
Words:133
Previous Article:More costs less in Mondeo.
Next Article:Sainsbury's is pledged to increase sales by pounds 3.5bn.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters