N Brown Group reports largely flat quarter
N Brown Group has reported a lacklustre quarter to 1st June in which digital revenues grew by 3 per cent but product revenue fell by 5.4 per cent. Financial services revenue had increased by 8 per cent and the business has advised of no change to its full year guidance.
Within womenswear, JD Williams delivered 5.9 per cent digital growth and 78 per cent of its revenue is now digital. Simply Be increased digital revenue by 4.6 per cent. Ambrose Wilson grew its digital revenue by 10.1 per cent to reach a 56 per cent digital total. In menswear digital revenue increased by 8.8 per cent driven by a good performance from Jacamo.
Its product brands' revenues fell by 12.7 per cent as it scaled back offline marketing and recruitment. A strong digital performance from Oxendales and Figleaves was more than offset by the managed decline in House of Bath, High & Mighty and Premier Man.
CEO Steve Johnson said: "In line with our strategy, we delivered digital revenue growth across JD Williams, Simply Be, Ambrose Wilson and Jacamo as we continue to improve our customer offer whilst managing the decline of our legacy offline business."