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....
- Euro decline weighs on Turkish clothing industry
- G-Star RAW pushes the boundaries of denim
- VF Corp confirms interest in Africa sourcing
- Mexico makers see rise in exports and local demand
- Asian union development and the Western response
- UK retailers to answer over human trafficking
- LF Corp to streamline planning and sourcing
- US upgrade paves way for Malaysia in TPP
- Euratex raises rules of origin issues in TPP talks
- Eliminating risk tops sustainability agenda
- Ethiopia – the emerging textile and clothing industry
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Management briefing: Factory safety and auditing: The key challenges
- Global market review of workwear - forecasts to 2019
- Sustainable Textiles for Apparel: Fact, Fiction and Future Prospects