Total Group revenue and operating profit up for N Brown Group plc
Online sales help drive revenue for the online, catalogue and stores retailer to £784.7m
The Group’s full year results for the 52 weeks ended 2nd March 2013 show that total Group revenue was£784.7m (+6.0%) with operating profit of £102.2m ( +3.1%).
E-commerce sales totalled £424m (+15%) and now account for 55% of all sales. A quarter of online sales are now being transacted on a mobile device, a trend which the company sees continuing.
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There was good growth in US operations, up 75% to £8.4m. Dedicated websites for Marisota and Jacamo are being launched in the USA to complement Simply Be to deliver a more segmented offer and maintain high growth momentum, and Figleaves is also looking to boost sales there.
Encouraging news for the 7 weeks ended 20 April 2013 showed like-for-like sales up 6.1%.
Alan White, Chief Executive, added, "We are pleased to announce significant progress in the business. Online sales have maintained their strong upward momentum, our customer base has strengthened significantly and we have made good progress in the USA and with our Simply Be/Jacamo concept stores. We have delivered strong revenue and profit results whilst making investments in these initiatives.
This is my last set of results as Chief Executive of N Brown. It is hard to believe that the business I joined in 1985 with sales of £42 million could have delivered these results today. I would like to personally thank everyone for their support, enthusiasm and dedication over the years and I offer Angela Spindler and Andrew Higginson my full support and best wishes to continue to realise the potential of the group."
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