Investors Chronicle, February 2nd, 2007
A trading update from N Brown - which specialises in clothing for older and larger customers - justifies ongoing optimism in the home-shopping retail sub-sector. Indeed, the company's underlying sales for the 21 weeks to 20 January 2007 rose by an impressive 10.8 per cent
Strong levels of growth were seen in all key customer groups and across all product ranges. But it's particularly significant that the value of online sales rose by 43 per cent on the previous year. This is because online sales generally come at lower cost, leading to margin improvements. And, interestingly, N Brown's onli...
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