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French Connection to sell Nicole Farhi, close struggling US stores
Closing the poorly performing US stores will cost £6.5m but led to a £3.2m reduction in annual losses.
French Connection, which also quit Japan duirng the year, plans to focus on French Connection, Toast and Great Plains brands. French Connection shares rose 13pc to 47.5p in early trading.
French Connection has stores in Arlington (Virginia), Atlanta, Boston, Cherry Hill (New Jersey), Chicago, Houston, Las Vegas, Miami, New York City, New Orleans, San Francisco, Schaumburg (Illinois), Scottsdale, and Short Hills (New Jersey). In addition, there are four retail outlets.
New York City has 3 stores, followed by Boston and Las Vegas with 2 stores each.
French Connection to sell Nicole Farhi, close struggling US stores - Telegraph (http://www.telegraph.co.uk/finance/newsbysector/epic/fccn/7446501/French-Connection-to-sell-Nicole-Farhi-close-struggling-US-stores.html - broken link)
i'm not surprised. They closed their Santa Monica store earlier this year. whenever I stopped in it seemed empty. Their styling (at least for guys) seems staid & boring compared to Armani Exchange or Zara... like a euro version of J. Crew or Gap. And their prices are way out of line for the quality. I returned a pair of trousers where the left pocket was bigger than the right, and a shirt where the stitching was uneven & unraveling.
Might be boring but A|X is tacky and way overpriced.
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