RETAILER HAILS ‘ ENCOURAGING’ SALES
FRENCH Connection has been boosted by “encouraging” trading since stores in England and Wales reopened following the latest lockdown, as it secured more funding for its US arm.
The fashion retailer saw shares jump after it told investors that forward orders for spring 2021 are currently ahead of expectations.
French Connection reported that trading was in line with company forecasts over the start of the second half of 2020.
However, it said the tightening of restrictions and guidance from September drove a slump in footfall as conditions “became slightly more difficult across the retail channels”.