You are here: News / N Brown sales rise 8.8 per cent
Thursday January 15th 2009
N Brown sales rise 8.8 per cent
Archived article dated Thursday January 15th 2009
N Brown has revealed that total and like-for-like revenue wa up by 8.8 per cent in the 19 weeks to January and full year performance remains in line with expectations.
Online sales accounted for 35 per cent of the total, having increased by 34 per cent compared with the same period last year.
The rate of gross margin achieved on revenue in the 19 weeks ended 10th January 2009 had fallen by 1.5 per cent, wholly due to an increase in the charge for bad debts. 0.7 per cent of this is due to the higher credit risk from younger customers. “We fully recognise the difficult economic environment in which we will be trading in 2009 and have adopted a cautious stance on customer recruitment, credit management and stringent control of overheads and cashflow,” the company said..
Tagged as: N Brown group
Share this article:
Should your colleagues be reading the Retail Bulletin?
Let them know about us.
