French Connection reported sales rose 0.5% to £154m in the year to January 31, while pre-tax losses narrowed to £2.3m from £5.3m the previous year.
The retailer declared an underlying operating loss of £0.6m, compared to £3.1m on 2017.
It has less cash this year and reported a closing position of £9.5m, down by £4m.
Overall retail revenue fell by 5.5% to £83.1m on an average space reduction of 10% as an uptick in like-for-like sales of 0.8% was offset by the closure of a eleven non-contributing locations during the year.
I have long talked up the terrific investment potential of WH Smith (LSE:SMWH), and my love for the stationer is being shared by the broader investment community right now.
Its share price has climbed 15% in the past two months alone, taking gains since the turn of 2017 to 24% and resulting in it currently sitting atop record peaks above £19.30 per share. And despite these chunky rises the company still carries pretty decent value, in my opinion.
French Connection saw an improved performance across all divisions in the six months to the end of July.
Overall retail revenue decreased by 7.5% to £38.5m in the period (-8.7% at constant currency).
This was primarily driven by the reduced store portfolio reflecting the net seven stores closed during the last 12 months, resulting in a 10.2% reduction in average Group retail trading space, coupled with broadly flat Like-for-Like sales.