UK: N Brown posts 8% first-quarter sales growth
UK retailer N Brown Group has today (2 July) reported an 8% increase in first-quarter revenue, driven by strong growth in men's wear and footwear.
The mostly online and catalogue retailer said like-for-like sales, were up 7.8% for the 17 weeks to 29 June.
The company said revenue growth came from all of its major brands, product groups and channels, including online, stores and international.
Women's wear revenue recovered as the weather improved and the group continues to see strong growth from men's wear and footwear.
N Brown said its Simply Be, Fashion World and Jacamo all delivered good growth, while there were strong performances from Marisota, House of Bath and Julipa, with the JD Williams group of brands also growing, although at a more modest rate than its over 50s brands.
Commenting on the results, Chairman Andrew Higginson said: "We have made a good start to the year and we will endeavour to keep up the momentum whilst recognising that our customers continue to face pressure on their disposable income. The board remains confident of a positive outcome for the year."
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