Home / Knowledge / News / Apparel/Garments / Younger brands & online sales drive growth at N Brown
Younger brands & online sales drive growth at N Brown
17
Oct '12
N Brown Group plc, the multi-channel retailer, announces its Half Year results for the 26 weeks ended 1 September 2012.

Highlights:

  • Total revenue (£379.3m +4.3%)
  • Operating Profit (£45.7m -2.8%)
  • Profit before tax and fair value adjustments (£42.0m -4.5%)
  • E-commerce sales (£196m +12%)
  • Adjusted earnings per share (12.48p +3.1%)
  • Interim dividend (5.45p +3.0%)
  • Sales from newly recruited customers (+20%)
  • Sales for the six weeks ended 13 October (+10.1%)

Sales from company’s younger brands, targeted at customers under 50 years of age, continued their strong momentum from last year, posting a 12% increase overall to £143m.  Jacamo continued to be fastest growing brand with sales up by 40% for its offer of fashionable menswear available in larger sizes, including the Freddie Flintoff range which has been extremely popular. 

There were also strong performances from Figleaves, which enjoyed the full benefit of last year’s cost reduction programme, and Simply Be, which is leading company’s international and multi-channel developments.

Andrew Higginson, Chairman, said:

“In my first report since taking over as Chairman I am pleased to be reporting like for like sales growth of 3.7% and an improving sales trend within the business.  The strategy to focus on the development of our core brands and our online trading capability is delivering positive results, as evidenced by our strong start to the second half.”

Alan White, Chief Executive, added:

“I am delighted that the revenue and gross margin trends have been on an upward trajectory throughout 2012.  We have seen double digit growth in the revenue from our younger brands, such as Jacamo and Simply Be, and in our menswear and home and leisure product ranges. 

“The 10.1% increase in sales at the start of the second half is also very encouraging and all our major brands and product areas have contributed to this growth.  This gives us some optimism in the outlook for our second half performance.”

N Brown Group plc


Must ReadView All

Uzbekistan, UAE explore partnership in trade, investment

Textiles | On 20th Mar 2019

Uzbekistan, UAE explore partnership in trade, investment

Uzbekistan and the United Arab Emirates (UAE) have agreed to increase ...

Sri Lanka's textile exports up 5.7% to $5.317 bn in 2018

Textiles | On 20th Mar 2019

Sri Lanka's textile exports up 5.7% to $5.317 bn in 2018

Sri Lanka’s earnings from textiles and garments exports increased by...

Pic: SDG Knowledge Hub

Apparel/Garments | On 20th Mar 2019

Garment supply chain traceability tool being developed

The UN Economic Commission for Europe (UNECE), the European...

Interviews View All

Luke Otten, Wigwam Mills Inc

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

Leave your Comments


March 2019

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

news category


Related Categories:

Advanced Search