Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

N Brown like-for-like sales up 3.6%

Home shopping group N Brown has continued to grow sales with like-for-likes ahead 3.6% in the 19 weeks to January 9.

Total sales for the group were ahead 4.9% and its like-for-like sales were achieved on top of an 8.8% rise for the same period last year.

Online sales grew 13% and now make up 39% of N Brown’s total revenue.

Its newer catalogues including Marisota and its menswear catalogue and website Jacamo had the fastest growth at the business, with increased marketing spend in customer recruitment boosting sales.

N Brown added that gross margin for the 19 weeks was 0.3% below last year but said that there had been a modest improvement in product margin and it had less stock to clear.

In September N Brown bought the assets to menswear retailer High & Mighty and it said that it was pleased with the business so far.

It said that its first international move, taking catalogue Simply Be to Germany, was performing in line with expectations.

N Brown also highlighted the performance of its debtor portfolio which it said showed signs of stabilising however it is continuing to provide for bad debts at a higher level than last year.

Despite the uncertainty of the year ahead, N Brown said it is in a strong position, with a reduction in the level of borrowings expected by the end of its financial year. It said that it expected to deliver a full-year performance in line with expectations.  

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.