Adds particulars on dividend, like-for-like gross sales, shares
Adds particulars on dividend, like-for-like gross sales, shares
March 10 (Reuters) – Clothes retailer French Connection FCCN.L reported a full-year loss on Tuesday, citing troublesome buying and selling situations on UK’s excessive streets and stated it could proceed to carry again paying dividends this yr.
The retailer, as soon as identified for its provocative FCUK model of clothes and accessories, has struggled to distinguish itself from rivals corresponding to Inditex’s ITX.MC Zara, which gives a better number of garments at decrease costs.
Together with different British retailers like Ted Baker TED.L and Superdry SDRY.L, French Connection has additionally confronted subdued client demand introduced on by political uncertainty associated to Britain’s exit from the European Union, whereas brick and mortar retail is affected by a shift to on-line buying.
French Connection, whose manufacturers embrace Nice Plains and YMC in addition to its eponymous label, posted an underlying lack of 2.9 million kilos ($3.79 million) for the yr ended Jan. 31,…