Sales slump: Stores face axe as French Connection hit by poor profits
FRENCH CONNECTION returned to a modest annual profit in 2018, but sales continued to fall due to "difficult" trading conditions. The retailer made an underlying operating profit of just £100,000 (€88,000) compared with a £2.1m (€1.8m) loss a year earlier.
But like-for-like sales fell 6.8pc with weaker sales online and in store, while revenue rose 0.2pc to £135.3m. Retail sales declined by 11pc to £58.4m but wholesale revenue increased 10pc to £76.9m.
It is set to close more loss-making outlets this year.