French Connection losses double

The retailer says global trading conditions remain tough

Fashion retailer French Connection has seen its half-year losses more than double, caused by a fall in sales in the US and price cuts.

The UK company made a pre-tax loss of £12.8m in the six months to 31 July, compared with a £5.4m loss a year ago.

The loss came despite the firm's turnover rising 4% to £117m.

French Connection said like-for-like North American sales, which excludes new store openings, fell 3%, overshadowing a 2% rise in the UK.

"Following on from the second half of last year, our business continues to be severely affected by difficult retail environments in all of our markets around the world," said chairman Stephen Marks.

French Connection is now continuing with cost-cutting efforts.