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French Connection boosts job hopes - graduate jobs

Thu 11th Aug 2011, 09:04AM   about graduate-jobs.com news.

French Connection has come up with a positive update on trading in the first half of the year, boosting hopes of young graduates looking forward to an exciting career in the fashion industry.

The fashion giant has unveiled improved like-for-like sales figures for its UK outlets for the period as shares rose by more than 10%.

Results for the first half will be in line with the forecast, the firm said.

French Connection said it is ready to face the forthcoming winter season with confidence as it also revealed a rise in the orders from wholesale customers.

Given the tough trading climate, the update for the first half is encouraging, according to City experts.

The firm's retail performance reflected the strength of current ranges, said Andrew Wade, an analyst at Numis Securities, adding that he continued to expect full-year profits of £8.8 million.

Copyright Press Association 2011