French Connection watches help firm record impressive profits

First published: 04-02-2011

Sales of French connection watches and some of its other goods have led to shares in the retailer soaring.

Profits are expected to be higher than previous expectations despite the current economic conditions, with pre-tax gains standing at around £6.8 million in the year to January 31st.

Earlier, the City said that profits would be between the £2.6 million and £5.1 million mark.

The firm stated that wholesale outlets and licensing has helped profits surge, while its own stores have performed in line with previous guidance.

Roy Naismith, finance director, said that its wholesale move was having a positive impact on the fashion house: "You are creating a very different environment to be shopping in. We're finding new customers and selling to more existing customers."

However, he warned that austerity cuts could also have an impact, stating that there is bound to be pressure on the consumer.

Recently, StyleBistro.com said that French Connection will be a one-stop shop for nearly every key fashion trend in 2011.

© Copyright WATCH SHOP UK - DO NOT COPY

Related articles

Ultimate Festival Guide

Posted: 08-07-2019

Festival season is here and so is the Watch Shop guide to boho chic and on trend choices from our expert buyers.

Summer Style Edit: Watch Trends for 2019

Posted: 20-06-2019

Inspired by summer and top watch trends, we've compiled a list of favourite watches for summer 2019 to complete your holiday outfit.

Father's Day Ultimate Gift Guide

Posted: 29-05-2019

Watch Shop has curated the ultimate selection of Father’s Day gifts. Treat your Dad to a timeless watch on 16th June.

How to choose the right fitness watch for you

Posted: 01-05-2019

How to choose the right fitness watch for you. Honest reviews and insights from the UK’s no.1 online watch retailer, Watch Shop.