French Connection says retail trading flat in UK and Europe

 
Suzie Neuwirth

BRITISH clothes retailer French Connection today announced that trading in the UK and Europe was broadly flat in the 15 weeks to 11 May 2013.

Wholesale revenues declined in the UK and Europe, while in North America wholesale was down but retail revenues climbed five per cent.

Joint ventures in Asia performed well despite the retail market slow-down in China and Hong Kong, resulting in a small profit increase.

“We are seeing progress from the initiatives that were instigated following the retail review last year and expect the impact of these to grow as the year progresses,” the company said.