N Brown news and archive

N Brown online power brand revenues increase by 6.4 percent

Announcing its results for the 18 weeks to January 5, 2019, N Brown Group Plc, said that total online power brand revenues increased by 6.4 percent during the period and that despite the highly promotional retail environment experienced during the period, the group is maintaining its product gross margin guidance at between 0 and -100bps for the...

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N Brown offline sales decline by 22.4 percent

N Brown plc said that its revenue in the first half increased by 1 percent to 457.8 million pounds (604.5 million dollars), with Q2 revenues up by 1.5 percent compared to an increase in Q1 of 0.4 percent, driven primarily by a strong performance in financial services. Product revenue excluding stores, which have all now closed, the company said,...

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Angela Spindler to quit her CEO's role at N Brown

The board of N Brown Group Plc, the company said, has commenced the search for a new chief executive as Angela Spindler who has led the business through a period of significant change and its transition towards an online retailer, will leave her role at the end of September. The board has asked Steve Johnson who is currently Chief Executive...

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N Brown investors may oppose executive bonuses at Tuesday's AGM

The fashion retailer N Brown may have to face opposition to executive bonuses at its AGM scheduled on Tuesday, reports The Times. It added that the influential shareholder adviser ISS has recommended to vote against the company’s remuneration policy, stating bonuses are not linked closely to N Brown’s trading performance. N Brown led by Angela...

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N Brown considers closing 20 stores as footfall remains weak

N Brown Group Plc, in its trading update covering the 13 week period to June 2, 2018 said that the group revenue increased 0.4 percent, while product revenue was down 2.8 percent. Total online revenue increased 3 percent and power brand online revenues were up 9 percent. Focussing on becoming a global online retailer, the company added that it...

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N Brown partners with Lamoda and The Iconic for Simply Be

N Brown Group has partnered with Global Fashion Group (GFG), owner of fashion platforms Lamoda and The Iconic. The company said, Lamoda will feature a capsule collection from Simply Be’s A/W18 range, providing reach across multiple cities in Russia and CIS (Commonwealth of Independent States). Meanwhile The Iconic, the company added, will expand...

Management

N Brown FY18 revenues up 3.9 percent to 922 mn pounds

N Brown Group revenue for the year ended March 3, 2018 was up 3.9 percent to 922.2 million pounds (1,285.8 million dollars), with product revenue up 4.1 percent and financial services revenue up 3.5 percent. While Simply Be revenues were up 16.3 percent, relaunched JD Williams brand at the start of the second half, saw a 21 percent increase in...

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Matt Davies to join N Brown as Chairman in May 2018

N Brown has announced the appointment of Matt Davies as Non-Executive Director and Chairman elect with immediate effect. Davies, the company said, will assume the role of Chairman from May 1, 2018, succeeding Andrew Higginson, who will retire from the board on that date. Commenting on the development, Higginson, said in a statement: “We are...

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N Brown announces appointment of three senior executives

N Brown Group plc has announced that Adam Warne, Alyson Fadil and Phil Barnes will be joining the company as Chief Information Officer, Chief People Officer and Director of Supply Chain respectively. The company said, Barnes will start this month, while Warne and Fadil beginning in April. Warne and Fadil, the company added, will report directly...

Management

N Brown revenues up 3.2 percent, partners with Zalando for Simply Be and Jacamo

In its trading update covering the 18 week period to January 6, 2018, N Brown Group said revenues increased 3.2 percent, while product revenue rose 2.7 percent and power brand revenue increased 7.3 percent. Online revenue during the period rose 9 percent, while revenues in the USA jumped 22 percent. The company also announced a new partnership...

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N Brown appoints two new executive directors

N Brown Group plc has appointed Gill Barr and Michael Ross as Non-Executive Directors with effect from January 16, 2018. Barr, the company said, is currently a Non-Executive Director of PayPoint plc, Wincanton plc, and a Trustee Director of Willis Towers Watson's master trust, LifeSight Ltd. She is also the Chair of the customer challenge group...

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Koovs signs deal with N Brown’s Simply Be to enter UK market

London - Online Indian fashion retailer Koovs has signed a deal with N Brown Group to offer its range through its plus-size Simple Be label, marking its first foray into the UK market. The deal sees Koovs creating a collection for Simply Be from December onwards under its Koovs Private Label young fashion line in larger sizes. The deal is set to...