Information  X 
Enter a valid email address

French Connection (FCCN)

  Print      Mail a friend

Friday 24 April, 2015

French Connection

Trading Update

RNS Number : 1962L
French Connection Group PLC
24 April 2015
 

24 April 2015

 

 

 

French Connection Group PLC

("French Connection", or "the Group")

 

Trading Update

 

The challenging conditions in our Retail trading reported at the year end have continued through the completion of the Easter period. H1 retail sales performance is now forecast to be materially lower than expected.

 

Wholesale performance is in line with expectations, with forward orders up year on year. Licensing continues to perform strongly.

 

The financial performance for the year is now expected to be below the current market expectations.

 

Cash is currently £9.9m (2014: £12.0m) with no debt and stock levels at the end of March were 7% lower than the prior year.

 

We have been putting in place many improvements across the business in the last two years and will continue to implement positive change across the Group. We continue to execute our store closure plan and we now expect to close 7 stores during the current year.  

 

 

Enquiries:

Adam Castleton/Neil Williams

French Connection

+44(0)20 7036 7063


Tom Buchanan/Charlotte Church

Tulchan Communications

+44(0)20 7353 4200

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUOOBRVNASUAR

a d v e r t i s e m e n t