The Independent - London, May 10th, 2007
Our view: Buy
Share price: 317p
There is big money to be made in clothes for larger ladies. N Brown, the Manchester-based catalogue group that specialis-es in plus-sized clothing for mature women, posted a 21 per cent leap in annual pre-tax profits yesterday to [pound ]65.4m on the back of a 14 per cent rise in turnover to a record [pound ]533.8m.
N Brown has 17 catalogue brands, each focusing on a different type of customer and product. Sales to consumers aged 35 to 45 grew 16 per cent last year, but by far the group's largest target age group, women aged 45 to 65, accounts for 67 per cent...
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