Slow Sales Hit Profits at French Connection Fashion Chain Struggling to Compete with Discounters
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Summary
SHARES in the high street fashion chain French Connection plunged 8per cent yesterday after the company said it expected a 10per cent tumble in winter sales, and warned profits will fail to meet City expectations.
The group's second profit warning in eight months follows a trading update in May in which French Connection cautioned that sales levels were below its expectations.See the full content of this document
Extract
Slow Sales Hit Profits at French Connection Fashion Chain Struggling to Compete with Discounters
Yesterday the company warned there had been no significant change in trading since then and predicted that likefor-like sales in the UK and Europe would be 11per cent lower dur...
See the full content of this document
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