French Connection reports loss

Written By Unknown on 19 September 2012 | 13.46

Fashion chain French Connection has reported a half-year loss after sales fell during what it described as a "very difficult" six months.

The firm - which had issued a profit warning in May - reported a loss of £6.3m for the six months to 31 July, down from a £700,000 profit last year.

Revenues fell by 7% to £96m, and sales in the UK and Europe - which account for half its revenue - fell 10%.

Profit margins were also hit as it cut prices to try to drive sales.

19 Sep, 2012


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Source: http://www.bbc.co.uk/news/business-19645594#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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