FC retail going on sale next Thursday (12/12/13) which will be a week later than last year, great for brand goodwill & profit however it will obviously have a negative impact on LFL sales growth for the season. There you go steadyasyougo, care to put your balls on the line or want to challenge my prediction?
Understand FC have had a very tough past 4 weeks in line with the market, this week last year (thursday) they went on full sale...it will be interesting to see if they do the same this year or put the sale back.....
26 Nov '13
Sept end Retail figs from ONS
•ONS estimates of retail sales continue to show growth in the retail industry. In September 2013 the quantity bought increased by 2.2% compared with September 2012 and by 0.6% compared with August 2013. With three month-on-three month growth rates increasing for seven consecutive months these estimates show an underlying trend of growth in the retail industry. •Quarter-on-quarter, the quantity bought in the retail industry increased by 1.5%. This is the largest quarter-on-quarter rise since March 2008 when the economy as a whole was at its peak, before the economic downturn. http://www.ons.gov.uk/ons/rel/rsi/retail-sales/september-2013/stb-rsi-september-2013.html
25 Nov '13
Update from Numis on FCCN update
French Connection gave a Q3 trading update covering the 16wks to 20-Nov. This saw another encouraging performance from UK retail, with LFLs improving from - 4.5% through H1 to +2.1%, despite a tougher comp (H1 -9.5%, Q3 flat) and a warmer start to the winter selling season. This result reflected the success of ongoing operational initiatives (training, rostering and optimising labour) and a positive reaction to the first season by the new design team. With significantly reduced order volumes going into the season, this outturn was achieved despite a reduced level of sale activity through Aug/Sep, which impacted LFLs by 1-2%. The flip-side was a significant improvement in full-price sell-through (+c.10%pts), albeit we expect margin gains were muted by a net lower bought-in margin. UK/Eur wholesale sales were flat, as expected, a solid improvement in trend (H1 -10%) which is being carried into SS14, where the order book is running slightly ahead. Elsewhere, trading was in line with expectations, and we left our FY PBT estimate unchanged ahead of the key Christmas trading period. We continue to believe that French Connection is implementing sensible initiatives to improve operations, build brand equity, and drive bottom line progress. Confident in the global appeal of the brand and steps being taken, we retain our positive stance
21 Nov '13
Numis Securities Upgrade 45p Definitely going in the right direction
21 Nov '13
Holdings in FCCN
Look at this article Liad Madar a fund manager bought 1million shares in the company just 4 days ago taking his holding over 4% http://shares.telegraph.co.uk/news/article.php?id=4708981&epic=FCCN. This is an interesting move. He obviously has faith in this company as a recovery buy too.
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