Investors Chronicle - magazine and web content, July 26th, 2007
While conditions on the high street remain tough, home shopping proves to be a retail oasis. Shunil Roy-Chaudhuri
In an annual general meeting trading statement, catalogue retailer N Brown revealed that like-for-like sales in its core home-shopping business rose by a mouthwatering 11.1 per cent in the 20 weeks to 14 July 2007. Given that underlying mail-order revenue grew by 14 per cent in the 10 weeks to 5 May 2007, this suggests the rise was a relatively sedentary 8 per cent in the second 10 weeks. But this should be seen in context: management said sales of high summer products would hav...
HighBeam Research, Free Preview: 'N Brown rides out the wet weather.'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
