Investors Chronicle, September 15th, 2006
N Brown's trading statement last month signalled solid growth. Despite a backdrop of tough high-street conditions, the niche home-shopping retailer's focus on the 'plus size' market enabled turnover to increase by 7.9 per cent in the 20 weeks to 15 July, with home-shopping sales up 9.4 per cent on last year. However, the group has warned that comparisons with last year's strong performance will become increasingly demanding as this year progresses, and that its gross profit margin decreased in line with aggressive price reductions on past-season stock lines.
Still, growth is being driven by...
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