Investors Chronicle, May 13th, 2005
Selling larger-size clothes to older customers is not the most glamorous of activities. But chief executive, Alan White, believes that focusing on this core business is the key to N Brown's future. The company has already achieved success here, with operating profit for the core home shopping catalogue business (which accounts for 90 per cent of total revenues) up 13.6 per cent on flat sales.
Even so, this cannot mask the sharp drop in pre-tax profits, due largely to a GBP22.5m restructuring charge on the company's door-to-door selling operation, House of Stirling. This forms part of N Brow...
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