French Connection said it's making progress and will be profitable again by year-end. But in H1, sales fell and it remained loss-making, despite wholesale in the UK, Europe and US firing on all cylinders.
French Connection is still lossmaking and margins are down but there's news to be cheerful about too as its new concept store outperforms, wholesale turnover rises, e-tail makes up a third of sales and m-commerce surges.
French Connection had some good news on Tuesday with an improving performance and Veryexclusive's Sarah Curran joining the board. But its turnaround is still far from certain as losses continue and sales are still down.