N Brown saw group revenue in the 52 weeks to March 3 rise 3.9 per cent to £922.2 million, thanks to strong gains by Simply Be, JD Williams and Jacamo.
The retailer’s three ‘power brands’ all reported increases in revenue, with Simply Be up 16.3 per cent year-on-year, Jacamo rising 5.1 per cent and JD Williams gaining 3.2 per cent.
Online revenue across the group from 10 per cent year-on-year, with online revenue at its three leading brands reporting a 17 per cent boost.
The fashion and apparel business said its international expansion had been progressing well, with revenue derived from USA markets up 21 per cent in constant currencies for the second half, and their Global Ship Anywhere scheme now underway.
“Against a challenging market backdrop I am delighted to be reporting profit growth, with
Simply Be the standout brand,” N Brown chief executive Angela Spindler said this morning.
“The second half was difficult for the fashion sector. A good performance in Financial Services provided the Group with resiliency to enable us to continue to invest in our customer offer, successfully driving revenue and market share growth,” Spindler added.
“Our strategy continues to deliver results, with market share gains in the UK, USA revenue
up 21% in the second half, new partnerships underway and almost three quarters of our
revenues now coming online.”
Spindler went on to add that March had been a challenging month for fashion retail, but with trade improving in April, there overall expectations for the next financial year were unchanged.
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