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N Brown delivers "strong" full-year performance

Home shopping group N Brown has delivered its fastest rate of revenue growth since 2009 as sales increased 6% to £784.7m.

The parent company of Jacamo, Simply Be and Figleaves said pre-tax profit increased 2.6% to £96.4m for the full-year to March 2, while operating profit rose by 3.1% to £102.2m.

The retailer’s online channel showed continued growth, now accounting for 55% of the business’ total home shopping revenue. Included within that figure are mobile transactions, which make up 23% of sales.

As a result of this growth the group has saved around £2.5m in costs by reducing the amount of paper it sends out.

Alan White, outgoing chief executive of N Brown, said ecommerce would continue to grow by 3% to 5% annually.

“Some of our brands like Jacamo and Simply Be already have 85% of sales online so there is only a limited amount more they can grow by, but some of our other brands have the potential to do a lot more over the next few years.”

Sales from N Brown’s US operations increased by 75% during the period to £8.4m, with the launch of Marisota and Jacamo Stateside, joining sister brand Simply Be, which has traded in the US for three years.

N Brown has made a strong start to the current financial year with like-for-like sales for the seven weeks to April 20 up by 6.1%.

White said: “This is my last set of results as chief executive of N Brown. It is hard to believe that the business I joined in 1985 with sales of £42m could have delivered these results today.”

White will be replaced by Original Factory Shop chief executive Angela Spindler in July.

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