French Connection profits fall as high street weakens

FCUKTroubled fashion brand French Connection has reported profit dips of 23% for the full year ending January 31 2008. The high street chain blames difficult economic conditions for the results and predicts a tough year ahead.

The company made a pre-tax profit of £3.1m and turnover fell by 2% to £236m. Like-for-like sales fell by 3% as improved sales in ladieswear was counteracted by a decline in menswear sales.

French Connection chairman Stephen Marks says: “This performance is clearly not good enough.” He adds: “In order to get our business back on track, we are reviewing all elements of our business to drive improvement.”

The group says revenues at the overall UK business were flat at £115.6m and current trading has been “lacklustre” since the end of the sales period.

Although French Connection reported profits of £38.7m in 2004, the retailer has struggled in recent years as consumers tired of its FCUK branding. The company says it has overhauled its design teams to improve menswear ranges, but the impact will not be felt till spring and summer 2009.

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here