THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Encouraging results for N Brown Group plc

Revenue and profits up in the interim results for the six months ended 28th August

CITY & CORPORATE

Encouraging results for N Brown Group plc

Total revenue is up 3.2% to £349.7 million. Profit before tax and fair value adjustment to financial instruments is £44.1m, up 5.5%. Operating profit up 4.5% to £46.2 million. Ecommerce performed well with sales up 17% to £150 million.  

Total Sales for the six weeks ended 9th October are up 5.1%. 

Lord Alliance of Manchester, CBE, Chairman, said, "We have had a good first half of the year, despite a difficult trading environment, and we are pleased to note that the positive trends have continued into the first six weeks of the second half. While there continues to be uncertainty surrounding the outlook for the sector, we are encouraged by the strong demand from our younger titles, the international performance of Simply Be Germany as well as the launch into the USA. The Board remains confident that we will deliver a good performance for the full year."

Alan White, Chief Executive, added, "This is another good performance, benefiting from the strong growth in online sales, the expansion of Jacamo and Marisota, and the acquisition of Figleaves and High and Mighty.  We have also seen bad debts reduce significantly.  We have grown our share of the market, emphasising our strong position as the leading retailer in plus sizes in the UK.
We are also particularly excited by the launch of our Simply Be brand in the US, as the first orders are starting to come through and we will look to drive sales forward in the second half of the year. We have a number of growth opportunities ahead and we are confident we will continue to make good progress for the full year."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing