11th Dec 2020 15:17
French Connection Group PLC - London-headquartered fashion designer - Although second half of financial year ending January 31 traded in line with expectations, conditions had become more difficult and footfall declined as a result of tighter restrictions in September and a second UK lockdown in November.
Since England and Wales stores reopened in early December, trade has been "encouraging". The Wholesale division has performed well with online customers continuing to trade, while Spring 21 orders are currently ahead of management expectations.
Looking ahead, despite Brexit uncertainty and ongoing disruption from Covid-19, French Connection remains well positioned to capitalise on any opportunities that arise.
Current stock price: 11.63 pence, up 16% on Friday.
Year-to-date change: down 68%
By Dayo Laniyan; [email protected]
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