N Brown to cut 35 roles as it streamlines operations

N Brown
EcommerceFashionNews

N Brown is cutting a “small number” of job cuts at its Manchester head office as it looks to streamline the business.

The Simply Be, JD Williams and Jacamo owner is understood to have placed around 35 employees at risk of redundancy, Drapers reported.

An N Brown spokesperson said: “As we undertake our business transformation programme, our operating model continues to evolve and this has resulted in a small number of roles being put at risk of redundancy.


Subscribe to Retail Gazette for free

 Sign up here to get the latest news straight into your inbox each morning 


“This is not a decision we take lightly, and we are committed to supporting our colleagues throughout this process,” they added.

N Brown said it remained on track to hit its profit expectations earlier this year, despite posting a 9.3% drop in product sales over the golden quarter.

The business maintained its full-year profit guidance, with slightly softer sales expected to be offset by further margin discipline.

Last month, Frasers Group upped its stake in the fashion ecommerce group from 19.36% to 20.02%.

Click here to sign up to Retail Gazette‘s free daily email newsletter

EcommerceFashionNews

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

EcommerceFashionNews

Share:

N Brown to cut 35 roles as it streamlines operations

N Brown

Social


SUBSCRIBE TO OUR DAILY NEWSLETTER

  • This field is for validation purposes and should be left unchanged.

N Brown is cutting a “small number” of job cuts at its Manchester head office as it looks to streamline the business.

The Simply Be, JD Williams and Jacamo owner is understood to have placed around 35 employees at risk of redundancy, Drapers reported.

An N Brown spokesperson said: “As we undertake our business transformation programme, our operating model continues to evolve and this has resulted in a small number of roles being put at risk of redundancy.


Subscribe to Retail Gazette for free

 Sign up here to get the latest news straight into your inbox each morning 


“This is not a decision we take lightly, and we are committed to supporting our colleagues throughout this process,” they added.

N Brown said it remained on track to hit its profit expectations earlier this year, despite posting a 9.3% drop in product sales over the golden quarter.

The business maintained its full-year profit guidance, with slightly softer sales expected to be offset by further margin discipline.

Last month, Frasers Group upped its stake in the fashion ecommerce group from 19.36% to 20.02%.

Click here to sign up to Retail Gazette‘s free daily email newsletter

EcommerceFashionNews

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

RELATED STORIES

Latest Feature


Menu


Close popup

Please enter the verification code sent to your email: