All N Brown articles – Page 2
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News
N Brown profits tumble as cost-of-living crisis shrinks online market
N Brown has reported falling profits and sales as the ongoing inflationary environment and cost-of-living crisis shrinks the online market.
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News
Simply Be launches rental collection on Hirestreet
Fashion retailer Simply Be has launched its first clothing rental range on specialist platform Hirestreet.
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News
Superdry swings to profit as it hails ‘signs of recovery’
Superdry has swung to a half-year profit and hailed “clear signs of brand and financial recovery” despite suffering a fall in sales.
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News
N Brown profits rise as core brands clock up growth
N Brown has posted a jump in profits during its first half as increased investments in its key clothing brands bore fruit.
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News
N Brown profits plummet after pandemic hammers sales
N Brown has reported a sharp decline in profits after sales tumbled owing to the pandemic, but the fashion and homeware retailer’s boss pointed to “early signs of progress” in its turnaround.
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Retail Navigator Analysis
N Brown (Financials)
Group sales fell 11.3% to £600.9m for the 52 weeks to 2 March 2024 (FY2023) in a performance that N Brown Group described as “above market expectations”, despite a challenging macroeconomic environment. Although the retailer had remained profitable for four consecutive years, it fell into the red in FY2022 before moving back into the black in FY2023 with statutory pre-tax profits of £5.3m, from a loss of £71.1m the previous year, with a pre-tax profit margin of 0.9%. The improvement was driven by lower adjusting items as well as the retailer’s focus on managing its cost base and driving profitable sales.
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Retail Navigator Analysis
N Brown (Strategy)
Home shopping group N Brown – a fashion retailer that targets the plus size market – has embarked on a modernisation strategy to accelerate its transformation into a digital-first business.
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Retail Navigator Analysis
N Brown (Overview)
Historically a larger-size clothing specialist, N Brown prides itself on being “inclusive” and has extended its range of sizes across its portfolio. It is undergoing a digital transformation programme, recasting itself from a traditional catalogue retailer to a digital-first operation, with improvements in its agility also a key area of focus.
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Retail Navigator Analysis
N Brown (SWOT)
N Brown has an ongoing opportunity to tap into the surge in support for realness and diversity in relation to body image, which has gained momentum over recent years. Encouraging a sense of inclusivity among plus-size shoppers and engaging with a vibrant online community, could prove to be a very effective marketing tool for the retailer. However, as sales decline year on year, N Brown has also been extending the size range across its product portfolio by introducing smaller sizes, which it said will ensure accessibility of its products to everyone.
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News
Former Tesco boss Matt Davies steps down from N Brown
N Brown chair Matt Davies has resigned from his role with the fashion group, effective from the end of March.
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News
N Brown suffers festive sales slide and warns of stock delays
N Brown has suffered a drop in revenues during its Christmas quarter despite hailing “continued improvement” in sales.
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News
N Brown taps up investors for £100m fundraising as half-year profits fall
N Brown has launched a £100m fundraise to accelerate its strategy alongside reporting a decline in interim profits and sales.
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News
Digital retailers appointed to bolster BRC board in changing landscape
Two digital retail leaders have joined the board of trade body the BRC, bringing key experience as the organisation adapts to the continuing Covid emergency and the rise of online shopping.
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News
N Brown sales recovery driven by demand for homeware range
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.
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News
N Brown profits and sales slump in ‘year of restructuring’
N Brown has reported falling profits and sales across its brands in what it called a “year of restructuring”.
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News
Card Factory, Moss Bros and N Brown warn of coronavirus impact
A clutch of retailers including Card Factory, Moss Bros, Watches of Switzerland and N Brown has warned of the impact of coronavirus on sales and profits.
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News
Marks & Spencer poaches former N Brown exec for finance role
Marks & Spencer’s hiring spree continues with the news it has appointed a finance chief for its food arm as it continues its turnaround efforts.
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News
N Brown blames profit warning on ‘highly promotional market’
N Brown has issued a profit warning following tough trading conditions and declining revenue from its financial services arm.
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News
N Brown back in the black as online powers growth
N Brown reported a return to profit in its interim results, citing its focus on ecommerce as one of the key reasons for its turnaround.
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News
PPI claims rocket ahead of August deadline, says N Brown
Online retailer N Brown reported a “significant increase” in PPI information requests and complaints (PIRs) in the lead up to the claims deadline of August 29.