Home / Knowledge / News / Apparel/Garments / N Brown revenues up 2.6% for 15 weeks to 14 June 2014
N Brown revenues up 2.6% for 15 weeks to 14 June 2014
18
Jun '14
Fashion that fits N Brown Group, the online, catalogue and stores retailer, announces a quarterly trading update for the 15 weeks to 14 June 2014.
 
Total group revenues were up 2.6%, including like-for-like growth of 2.5%. This is in line with our plan for the quarter
-Performance of Simply Be and Jacamo up 6% and 10% respectively.
-Store like-for-like sales were strong at +20%.
-The “Famous Five” Home categories were up 10% year on year.
-Demand in the USA was up 15%.
 
Strategic transitional period
-Reduced participation of non-core home and electrical ranges.
-Re-phasing of marketing spend to an in-season model
-Short-term impact on sales – the last six weeks of the quarter have significantly increased (high single digits).
 
Other Highlights:
-Online penetration is at 58% - fuelled by further service improvements.
-UK and Turkey-sourced Fast Fashion launched for Simply Be for the first time.
-TV favourite Lorraine Kelly announced as brand ambassador for JD Williams.
-Seven further Simply Be/Jacamo dual branded stores opening, creating a total of 240 jobs in Belfast, Birmingham, Cardiff, Edinburgh, Norwich and Exeter and our Oxford Street store, which opens in September.
 
Angela Spindler, Chief Executive, commented, “We are in a period of transition to move us toward our mission to be ‘the leading Global retailer famous for making shopping for fashion easy and enjoyable regardless of size’. We have stepped up the pace of change and we are making progress. We are modernising the business, broadening our appeal and refocusing on our differentiated proposition - fashion that fits. Best of all our customers are already noticing these improvements, as we can see from the performance through the quarter. We have improved the quality of our sales and are on track with our plans for the year as a whole”.
 
Trading Update
Total group revenues in the period were up 2.6%, including like-for-like growth of 2.5%. This is in line with our plan for the quarter. As a result of re-phasing our marketing investment year-on-year our performance strengthened considerably through the quarter.
 
Growth over the period was supported by the performance of our younger titles, Simply Be and Jacamo which were up 6% and 10% respectively. Online penetration remains strong at 58%, fuelled by further service improvements, including the recent introduction of Sunday deliveries. Our stores continue to trade well, up 20% on a like-for-like basis and have now annualised on the introduction of Jacamo to the footprint.
 
We are in the process of contemporising our proposition to broaden our appeal and accelerate our growth potential. This means changing the way we go to market.
 
Click here to view full results.
 

N Brown Group

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search