N Brown revealed “robust, reliable growth” over the Christmas trading period, and it plans to step up investment for its overseas growth plans.
The fashion home shopping group revealed that in the six weeks to January 11 like-for-like sales jumped 7.2%.
In the 19 weeks to January 11 total group revenue increased 5.2% and like-for-likes rose 5.1%.
N Brown said it is stepping up capital and revenue expenditure to push ahead with its international plans, including investment in stores and developing infrastructure and systems.
N Brown chief executive Angela Spindler said: “N Brown has continued to deliver robust, reliable growth while stepping up investment in our multichannel, international future.
“Having been with the business now for six months, I am even more convinced of its substantial long-term growth potential.
“We are applying the group’s unique skills in larger size fashion through a range of increasingly distinctive, relevant, contemporary brands across a broader base of customers and channels. We are only at the start of grasping this opportunity.”
In the 19 weeks to January 11 N Brown said sales were driven by its younger Simply Be and Jacamo brands. Homewares and family gifts also performed well.
Menswear and footwear did well but N Brown said ladieswear slowed in October and early November because of the unseasonal mild weather.
N Brown said gross margin was “a little” below expectations as a result of markdowns but it said it has delivered a clean stock position for 2014.
N Brown revealed online sales increased, driven by click-and-collect and its next-day delivery services. Next-day deliveries accounted for 40% of demand in the final Christmas week. Online now accounts for 58% of revenue.
N Brown said its seven stores generated like-for-likes up 34% and were profitable in the period.