N Brown has reported a recovery in sales from its first-quarter nadir, hailing a resurgence in apparel sales and a surge in demand for its new homeware range.
In a trading update for the six months to August 29, N Brown said that product revenue losses had stabilised to 21% in the first half of the year and flagged that 92% of all sales across its stable of brands now come through ecommerce.
Group revenues recovered to be down 18%, from a 22% fall in the first quarter of the year.
The struggling fashion and home brand said that in the second quarter of the year “revenue trajectory has continued to improve” from the “significant decline” at the beginning of lockdown.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.