Clothing Brand French Connection Hopes To Turn Losses Into Profits In 2015

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< p > British high street < a href= "http://sjfzxm.com/news/index_s.asp" > Fashion > /a > retailers FrenchConnectionGroupPLC in the 2013 fiscal year ended January 31, 2014, the total revenue fell 4% to 189 million 400 thousand pounds, and total revenue in fiscal 2012 was 197 million 300 thousand pounds. The main reason for the decrease in revenue was the decline in retail sales in the first half of the same year and the closure of non-profit shops.

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< p > > a href= "http://sjfzxm.com/news/index_s.asp" > FrenchConnectionGroupPLC < /a > (LON:FC) share price was reduced by 6% at most in the morning, and the land lost in midday was narrowed to 0.40%, and 62.75 pence was reported.

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In the past few years, P (FrenchConnectionGroupPLC) has been trying to speed up the recovery process by reversing the sales weakness of the LON:FC (plan) to close more deficit stores.

Group business director NeilWilliams revealed that 10-12 stores had been closed in fiscal year 2013, and 3-5 will be closed in the current fiscal year, most of which are concentrated in the UK.

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< p > FrenchConnectionGroupPLC (LON:FC) recorded a loss of 6 million a year, which is a fifth year loss for the retailer in the past six fiscal years, but a slight improvement over the 2012 fiscal year of 10 million 500 thousand pounds. The main source of power came from the warmer business in the UK and Europe, resulting in a 3 million 800 thousand loss of business losses.

The group decided not to issue dividends, but continued to implement the business recovery plan by using < a href= "http://sjfzxm.com/news/index_s.asp" > cash reserve < /a >.

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P, CEO of group StephenMarks, pointed out that according to current performance, the target of achieving profitability by 2015 is expected to be achieved, but this year's performance is critical.

However, analysts believe that it will take a long time for FrenchConnectionGroupPLC (LON:FC) to turn to profitability.

CantorFitzgerald analyst FreddieGeorge said the company must increase sales density in the UK market in order to make profits in China.

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< p > retail revenue decreased by 4.78% to 117 million 300 thousand pounds compared with the same period in the whole year. Sales in the same store in the UK and Europe fell by 1.4%, down 7% in the previous year, with a 1.4% increase in the second half of the year; < a href= "http://sjfzxm.com/news/index_s.asp" > e-commerce > /a > revenue grew 8.1%, accounting for 20% of the group's total revenue; wholesale income was 71 million 900 thousand pounds, a decrease of 2.7% over the previous year.

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