French Connection Revenue Continued Losses

Recently, French Connection Group PLC (FCCN.L), the UK clothing retailer, released its initial results for the year, as the group said the high street fashion market was still facing challenges and led to the group.

Plunged 16%.

Affected by warm weather in 9 and October

French Connection Group's income in the 2014/2015 fiscal year ended January 31, 2015 fell 5.8%, from 189 million 400 thousand pounds in the same period last year to 178 million 500 thousand pounds, and a 4.1% decline at fixed exchange rate, of which retail revenue fell 12.1% from the closed shop, from 117 million 500 thousand a year earlier to 103 million 300 thousand pounds, wholesale income increased 4.6% to 75 million 200 thousand pounds; group gross profit margin was 46.7%, down by 90 basis points, and other operating profits rose slightly from the previous year's 90 pounds to the pound sterling. The basic operating loss was narrowed compared with the same period last year.

Group said that 23% of the group's revenue came from the electricity supplier, compared with 20% in the same period last year, of which 47% of e-commerce revenue in the UK and Europe came from the mobile terminals.

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The 68 year old Paul Smith founded its own brand in 1970s, and is still the controlling shareholder of the company, holding 60% of the shares. The world-famous comprehensive trading company, Itochu, has a remaining 40% stake in its long-term Japanese license.

Homes, who joined the company in 2004, is an intimate partner of Paul Smith for more than 10 years.

Since then, Paul Smith has always been responsible for the creative part of men's clothing, women's clothing, footwear and accessories series of Homes brand.

He is also responsible for displaying the company's brand image in fashion show, store design, official website, advertising promotion, visual merchandising and display.

Although he gave up the position of creative director, Paul Smith did not plan to retire, and the company would continue to operate as usual, and he would still work full-time in the company.

He said the abdicate meant more than trying to give the brand a brand new life.

"I have no intention of leaving.

Simon's personnel appointment is designed to bring new vitality to the company.

That's exactly what I think.

We are good partners and get along well.

I want to thank him for his hard work and drive.

Paul Smith said in an interview.

Ann Ann Demeaulemeester, one of the Six Gentlemen of Antwerp, is abdicated while still working healthily.

In 2013, Ann Ann Demeaulemeester left the same brand and lived a retirement life.

Her business partner, Anne Chapelle, responded by saying that staying away from the world can guide the brand, which is better than finding an inheritor after leaving the world.

Paul Smith is made up of men's wear, and its tailored and fine quality clothes conform to the gentleman's solemn manner. But it adds pleasing elements to the details, such as putting a teddy bear in the male model with a nude dress or embroidering a naked girl on the sleeve of the shirt.

The most popular pursuit of Paul Smith is a little rebellion under this gentleman's appearance, which is also the British humor of designer Paul Smith.

In the past 40 years, Paul Smith is not only responsible for the creative design, but also manages the trivial and complicated daily affairs with the current affairs. From the supervision of the production of glasses and watches, the fitting of the models, the determination of the yarn colors and patterns of each season, the shooting of the brand image advertisements and the creative cooperation with the magazines and other brands, such as the home textile company Maharam and the bicycle clothing brand Rapha.

This time, from the position of creative director, Paul Smith, who is a busy person, has more time to focus on brand related cooperation plans and other more interesting jobs.

"This is obviously a job that requires a lot of time and effort.

Generally speaking, after Simon takes over, I can do a lot of interesting things after my daily work.

Smith says.

In early March, Paul Smith told M Collections that he listened more and more to the voices of young designers and worked closely with them.

The whole team has also found some young and innovative people to join.

In addition to hiring and promoting more young people, he recently adjusted the organizational structure of design studio.

Now the men's wear department is next to the ladies' wear department. Although they still work in different places, we can share the design fabric together.

"What you are seeing now is a new Paul Smith with new vitality.

It's great. It's very exciting.

Paul Smith said.