interesting remarks in the Times on Saturday in the Business Commentary section by Alistair Osborne regarding Mr Marks. "No, the 41.7 per cent shareholder isn't trying to drive the price down so he can buy the business back on the cheap." presumably said tongue-in-cheek, but a tad worrying perhaps since the profit warning has come barely a month after the latest results announcements. Was Easter such a drastic turn-around for the worse to merit this unexpected RNS? Certainly above comments are worth watching closely, especially since the Co. has plenty in the bank and has seriously profitable sections of the company, high-street retail excepted.
Spot on. Price is a massive issue. Their UK retail business model is fundamentally flawed, that is the reality. Today was a massive blow. Unforunately the turnaround was based around UK retail and that turnaround has fallen over.
I'm sure people stopped wearing French Connection a few years ago, their style seems out dated. I can't remember the last time I saw someone wearing FC clothes. This is a fashion post and not an investment post.
lost it's way
Simple analysis here, but if you walk into a french connection shop the clothes are overpriced! I personally would only consider shopping there when they have 70% markdown, which actually for the quality and styling is the price it should be anyway. Seems a lot of customers would tend to agree. Unless they significantly change the existing model and pricing structure i don't see how this will turn around. That will be what turns around poor FC, not cost savings or alike.
Bang on the money with that one Dalooks.
Expect a spike up but once this is fully digested expect a drop down to the 30's and yes then it is investable
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