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N Brown mulls closing all stores as clothing sales fall

N Brown is mulling the closure of its remaining UK store estate amid tough trading on the high street.

The business said it has entered into a consultation process with colleagues over the future of its store estate.

N Brown currently has 20 Jacamo and Simply Be stores in the UK. It closed five shops in 2017.

Product revenue at N Brown fell 2.8% year on year for the 13 weeks to 2 June, amid a “challenging” market.

However, group revenue was buoyed 0.4% compared to 2017, following a strong performance by financial services, which were up 9% year on year.

Total online sales were up 3% and online sales for the power brands - JD Williams, Jacamo and Simply Be - were up 9%.

The business said full year guidance remained unchanged, aside from exceptional costs relating to the proposed store closures.

CEO Angela Spindler said: “As highlighted in our full year results, this was a challenging period for fashion retail. Against this backdrop and a double-digit comparative in product revenue, I am satisfied with our Q1 performance. At this early stage in the financial year our full year expectations are unchanged.

“In line with our online strategy, and given continued weak high street footfall, we have today commenced a consultation process with colleagues over the future of our small store estate. This action has not been taken lightly and we will do all we can to support the colleagues affected during this process.

“We continue at pace our journey to become a global online retailer, uniquely delivering fashion that fits. This will underpin our future growth, both in the UK and Internationally.”


Readers' comments (1)

  • From the start, it was evident N Brown hadn’t an idea how to manage the physical estate. Right idea, just badly managed.

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