Evening Standard - London, January 24th, 2007
N BROWN, the home shopping group that concentrates on the larger- sized customer, is to hand back Pounds 80 million to shareholders after another bumper year for sales and despite a lower profit margin due to VAT rule changes.
The catalogue and internet sales group said like-for like sales were up almost 11% in the 21 weeks to 20 January even though it had to build against a very strong comparable period.
The main driver was the internet arm, wh...
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