UK: Improved Q3 trading at French Connection
Trading at UK-based fashion retailer French Connection improved during the company’s third quarter amid “inconsistent” market conditions, the company said.
Like-for-like UK and European sales in the third quarter were flat – an improvement on the 9.5% decline reported in the first half of the financial year.
“Revenue has reflected the more autumnal weather in comparison to last year and sales of coats and knitwear have been much improved,” said French Connection, adding that gross margins were similar to last year.
Meanwhile, UK/Europe wholesale revenues continued to show declines thanks to lower forward orders and reduced in-season business, the company said.
North America retail was broadly flat, but wholesale continued recent growth and overall trading was ahead of last year.
However, joint ventures in Asia showed profits down slightly on last year, reflecting the retail slowdown in Hong Kong and China, French Connection said.
German department store retailer Karstadt has appointed Terry von Bibra as its head of e-commerce as it continues to build on its online capabilities....
- Under Armour on track with new UAS sportswear line
- Myanmar garment exports surged 20% in 2015
- Better factory conditions boost the bottom line
- Unravelling cotton's supply and demand challenges
- Why synthetic fibres are a safe bet for the future
- Brexit may hit suppliers with UK duty-free access
- Adidas unveils first Speedfactory running shoe
- US retailers urge action on Hanjin Shipping crisis
- Zara launches eco-friendly Join Life collection
- New US tariff classifications impact woven apparel
- Too Many Standards
- Apparel (GLOBAL) - Industry Report
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Ralph Lauren Corporation : Retailing - Company Profile, SWOT & Financial Analysis
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras