First-half turnover at French fashion retailer Alain Manoukian fell to 74.6 million euros from 79.2 million euros in the first half of 2001.

The group said May 2002 was a particularly difficult month, citing clothing market data from CICOE (Centre de Textile Cooperation Observations Economique), which showed a 5.7 per cent month-on-month drop across the sector as a whole.