With the summer season now in full swing – at least in terms of the fashions available, if not the weather – French Connection appears to be feeling the heat: but there are some cool offers available for those who love their fashion bargains.
The company has issued a profit warning with news that both its sales and revenues are continuing to fall – dropping 12 per cent in the last three months alone.
French Connection has described its figures as “disappointing” as its shares slumped by 22 per cent following the announcement. Indeed it has suggested that it is unlikely to reach the current profit estimates outlined by financial analysts.
There are a number of factors that have influenced its’ sales slump, including on-going difficulties in the economic environment and general consumer caution. Indeed its forward orders for winter have also fallen slightly compared to the same period last year – although its trading in some international markets, including the USA, has been improving.
The company actually started a strategic review of its operations in the UK back in March with share prices having fallen by more than 60 per cent since last October. The retailer’s trading has been hit compared to last year by factors such as the increased wet weather; as well as the lack of Royal Wedding trading. In addition, it notes that the UK clothing industry has become increasingly competitive over the last 15 years and any turnaround will take some time to complete.
While the competitiveness of the clothing sector in the UK and Ireland may not be good news for individual retailers, it is encouraging for consumers who are on the lookout for bargains – with a host of fashion voucher codes now available.
Among the best are: 15 per cent off all jackets and 10 per cent off all orders over £75 at BOX Clothing – both of these BOX Clothing voucher codes expire on June 06; and 40 per cent off all full-priced items with this Brook Taverner voucher code, which is valid until June 30.
There are also some fantastic short-term offers and deals available, such as free shipping on all UK orders at Yew Clothing; and a Yew Clothing voucher code, which entitles users to 50 per cent off all non-sale orders over £10 before June 30. Or how about free delivery on orders from Aphrodite Clothing? This offer expires at the end of this month.