THE RETAIL BULLETIN - The home of retail news
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Health & Beauty
General Merchandise
Sports & Leisure
Retail Solutions
Food & Drink
N Brown considers closing 20 stores

N Brown, the owner of Simply Be, JD Williams and Jacamo, has said it is considering the closure of 20 stores.


N Brown considers closing 20 stores

N Brown, the owner of Simply Be, JD Williams and Jacamo, has said it is considering the closure of 20 stores.

The company made the announcement when reporting on its first quarter trading.

In the 13 weeks to 2 June, group revenue edged up 0.4% after financial services revenue climbed by 9%. However, product revenue declined by 2.8% in the period. Although product revenue at Simply Be rose by 9.3% and by 2% at Jacamo, there was a 2% fall at JD Williams.

N Brown said the revenue decline seen in its secondary brands reflected a planned shift in marketing investment away from Fashion World towards JD Williams, Simply Be and Jacamo.

Speaking about the results, Angela Spindler, N Brown chief executive, 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.”

As it focuses on becoming a global online retailer, N Brown has undertaken a review of its store estate following “very disappointing” footfall and is now entering into a consultation with store staff with a view to closing 20 stores ahead of lease expiry. In FY18 the stores generated £15 million in revenue and an EBITDA loss of £3 million. The company said 75% of its total revenue is now generated online.

Spindler added: "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."

N Brown expects the consultation process will be completed around the time of its half year results in October.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News


Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
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