Investors Chronicle, October 14th, 2005
N Brown hasn't suffered from the much-publicised drop in footfall on the high street because, as a home-shopping retailer, it doesn't have any stores. In fact, it may be benefiting from this decline, as some consumers turn to N Brown's catalogues and websites. Certainly, the group is bucking the retail downturn, with a 14.9 per cent rise in underlying profits to GBP23.9m. In current trading, sales rose an impressive 6.6 per cent for the six weeks to 8 October.
Chief executive Alan White attributes this success, in part, to N Brown's ongoing strategy of focusing on selling larger sizes to an...
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