French Connection Share Discussion Threads

[philanderer] 12/3/2014 09:02

Bit of a two way pull at 60p , but I`m holding on to mine here.

[bamboo2] 12/3/2014 08:44

Could therefore, the closure of another 3-5 stores potentially save another £1-2m next year?

Definitely looking like breakeven is in sight.



"...9 non-contributing stores closed during the year. We plan to close a further 3-5 non-contributing stores during the current year."

" The majority of the improvement in the Group financial performance was from our Retail division which reduced operating losses by GBP3.8m over the year. This was driven out of our UK/Europe business, through enhanced margins particularly in the latter part of H2, lower underlying labour costs and the closure of 9 non-contributing stores"

[philanderer] 12/3/2014 08:09

That`ll do for me.

Let`s see if it`s 'sell on the news' on a bad market day


Highlights:

Revenue of GBP189.4m, down 4% on a reduced store portfolio
Improved UK/Europe Retail H2 LFL's of +1.4% (H1 -4.5%) with increased gross margin
Operating expenses reduced by 6.9%
Reduced underlying operating loss of GBP4.4m (2013: loss GBP7.2m)
Ecommerce represents 20% of Group Retail sales
Strong cash position; closing net cash of GBP28.2m (2013: GBP28.5m) and no debt
Initiatives put in place to improve trading continue to gain traction

[philanderer] 11/3/2014 23:08

Yes, good news for FFY holders bamboo :-)

First things first , looking for pre-tax losses of £4.7m or better tomorrow at 7am.

[bamboo2] 11/3/2014 22:13

philanderer, just catching up and looked at 7thingsmedia. They have an interesting collection of clients.

Let's hope FCCN share price can do as well as FFY earlier this week.

[philanderer] 11/3/2014 20:09

"Ever wondered what it's like to be in one the world's most iconic department stores overnight? We can show you, because we camped out in Selfridges to install the brand new French Connection Home concession."

Video:

[philanderer] 11/3/2014 14:08

Plenty of FCCN merchandise being advertised on Koovs plc , an indian e-tailer , new to the stockmarket yesterday (epic= KOOV)

I do hold KOOV :-)

[she-ra] 11/3/2014 10:24

druinsky - If I were you I would be worrying if ASOS took over French Connection which was something you were suggesting on here and the ASOS message board only 4 days ago.

[philanderer] 11/3/2014 09:04

Nice article in today`s Independent newspaper fashion section featuring FCCN

Style file: Black and white and cool all over

In the mood for monochrome? French Connection has it covered, with a capsule collection of on-trend pieces, writes Rebecca Gonsalves

French maids, magpies and Newcastle United FC supporters are all to be found sporting a black-and-white look. But don't let such associations deter you from experimenting with the most classic of high-contrast combinations. This season, French Connection has gone mad for monochrome with a capsule collection dedicated to black-and-white pieces.

Sporty shapes come with a hefty dose of street-ready attitude thanks to logos, exposed zips and body-con detailing. Masculine tailoring-inspired pieces may appeal more to fashion classicists, while lace detailing adds a feminine balance.

The campaign shot on model-of-the-moment Adwoa Aboah best demonstrates how to wear the collection – keeping things simple with minimal make-up and slicked-back hair allows the clean contrast of the two colours to really resonate. In practice, a swipe of bold lipstick (red is a classic for a reason) will really stand out against such a pared-back palette.

The return of the monochrome trend for spring/summer is hardly surprising; a black-and-white palette tends to reappear along with nautical stripes and floral prints on the catwalks every September. This season big proponents of the trend are Moschino, Jil Sander and Victoria Beckham, whose clean lines and masculine tailoring are referenced in the French Connection collection. So too is the sporty swagger of Alexander Wang's eponymous line, not least in the tongue-in-cheek proposition of a "French?" mesh intarsia logo T-shirt.

Black-and-white dressing does of course create all manner of concerns, not least how to do the washing without turning everything grey. But the beauty of this collection is that most of the pieces are separates that can be mixed and matched into your existing wardrobe with flying colours.

[druinsky] 11/3/2014 08:56

she-ra 10 Mar'14 - 15:38 - 295 of 296 0 0

druinsky - So you've sold and want it to go down.What a surprise.Quite a change of heart from just three days ago.



Yes, a bit worried it may fall to about 55p on results

[philanderer] 10/3/2014 20:07

Investors gave a warm welcome to the latest retailer to make its stock market debut. Shares in Koovs , the Indian online fashion retailer, surged 34, or 22.7pc, to 184p on its first day of dealings on Aim, a jump that mirrored the 32.6pc surge in AO World shares when the white goods group started trading in late February.

Koovs is one of a number of retailers pursuing initial public offerings. Shares in Boohoo.com, another web clothing business, are due to make their debut on Friday, while discounter Poundland and Pets at Home are in the process of listing.

[she-ra] 10/3/2014 15:38

druinsky - So you've sold and want it to go down.What a surprise.Quite a change of heart from just three days ago.

[druinsky] 10/3/2014 15:22

results on wednesday
id worry holding over results in case it gets tonked

[dlku] 10/3/2014 10:12

Just crossed my radar on the breakout
Frenchie going for the gap fill to 90p imho

[deanmatlazin] 10/3/2014 09:51

£29m pound in cash with no debt. Market cap £60m. This is too cheap for my liking

[philanderer] 10/3/2014 09:48

Morning all, nice start to the week..... as dt says Mr 10k 'AT' buy is back again.

[dewtrader] 10/3/2014 09:39

FCCN popping


bowl to 90-120p

[dewtrader] 10/3/2014 09:28

Boohoo flotation to value fashion retailer at £560m

Boohoo was founded in 2006 and says it now has more than 2.3 million active customers
Online fashion retailer Boohoo.com has said it will have a market capitalisation of £560m when it floats its shares next week.



Boo hoo Only makes £3m




Wouldnt be a abad thing for them to buy FCCN using that paper

[dewtrader] 10/3/2014 09:19

FCCN 10k buyer returns

[philanderer] 09/3/2014 20:09

Preview:


Fashion chain French Connection is set to post a sharp reduction in annual losses on Wednesday after reporting a better-than-expected Christmas sales performance thanks to turnaround efforts.

It confounded critics with the brighter update, having previously warned over results three times in two years.

The chain said last month that UK and European retail sales and profit margins were ahead of its expectations throughout December and January, while the wholesale order book was also strong.

It said the festive trading would help narrow pre-tax losses to around £4.7m for the year to January 31, down sharply from a £7.2m loss the previous year and lower than forecast in the market.

Freddie George, an analyst at Cantor Fitzgerald, said French Connection was helped by its decision to hold back on heavy pre-Christmas discounting.

He added: "The company has made steady progress in implementing its strategy unveiled in September 2012, which involved improving price competitiveness, strengthening the 'good' ranges and improving efficiency in stores."

French Connection has been leading an overhaul on a number of levels, selling off unprofitable shops and overhauling its management team while also improving its fashion ranges, stock control and in-store service.

It has started seeing shoppers warm towards its ranges following the appointment of a new design team, which made is mark with a well-received inaugural collection for the 2013 autumn season.

The company has 74 stores in the UK and Europe, as well as licensed and wholesale operations around the world, including Hong Kong and China.

[steveo18] 09/3/2014 17:15

Buy and hold quality like FCCN in this mkt imo :-)

New ranges are awesome. Im Looking at something like peak earnings in a few years on a fwd pe of 1 or 2 or les once the upgrades start to roll in around easter as my best guestimate.

All imo/dyor etc

[dewtrader] 09/3/2014 07:29

Fashion website Boohoo.com has been valued at £560million after a City fundraising delivered a big windfall for its founding family.
The Manchester-based business, which is aimed at 16 to 24 year olds, has secured £300million from investors in a share placing secured ahead of a listing on the London stock market next Friday.



Makes FCCN look very cheap. Expect a big jump in FCCN this week imho