French Connection loses shape

Kasmira Jefford
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FRENCH Connection shares fell over 15 per cent yesterday after the retailer warned of a weak clothing market in north America and posted a slowdown in underlying sales growth at home.

Like-for-like sales in the UK and Europe rose 5.6 per cent in the 15 weeks to 10 May. That compares with an 11 per cent jump in the 11 weeks to 12 April.

Analysts at Numis said the fall was due to a planned reduction in the amount of clothing on sale.

In the US it expects trade below forecasts for the rest of the year.

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