jacamo news and archive

N Brown Q3 revenues drop

N Brown plc reported third quarter revenue of 249.2 million pounds, down 7.6 percent in line with Q2 trends and management expectations, reflecting a soft and highly promotional market. Commenting on the trading performance, Steve Johnson, the company’s chief executive, said: "We have traded in line with our expectations through a challenging...

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N Brown CFO Rachel Izzard to step down

N Brown Group Plc has announced the departure of chief financial officer Rachel Izzard. The company said in a release that Izzard will be leaving the group to take up a career opportunity outside of the online fashion and consumer credit industry and that the process to identify her successor is underway. According to the company’s website,...

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N Brown sales drop by 2.1 percent

N Brown Group Plc , for the 13 weeks ended May 28, 2022 reported revenues of 165.1 million pounds, down 2.1 percent compared to the previous year’s first quarter. The company said in a release that earnings expectations for FY23 remain unchanged from those outlined in the preliminary results on May 18, 2022, with adjusted EBITDA expected to...

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N Brown posts growth across strategic brands

N Brown Group revenue declined 1.8 percent to 715.7 million pounds for the year to February 26, 2022, as a result of a 0.6 percent decline in total product revenue and a 4 percent decline in financial services revenue. However, adjusted pre-tax profit of 43.1 million pounds was up 46.6 percent from the previous year’s 29.4 million pounds and...

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N Brown posts 9 percent product revenue growth

N Brown Group Plc said product revenue from the strategic brands increased approximately 9 percent versus the 52 weeks ended February 27, 2021. Commenting on the trading update, Steve Johnson, N Brown’s chief executive, said: "I am pleased with the progress which we continue to make and despite the volatile backdrop our expected full year...

ManagementFeatured

Clothing & footwear category drives N Brown's revenues

For the third quarter, N Brown Group plc reported 5.5 percent increase in revenues to 149 million pounds. Excluding the impact of the closure of the Figleaves website in March 2021, the company said, third quarter product revenue was slightly ahead of the prior year and FY22 year-to-date revenue was up 5 percent. Commenting on the third quarter...

ManagementFeatured

N Brown H1 revenues drop, profit increases

Total group revenue at N Brown Group plc declined to 346.8 million pounds as a 3.3 percent increase in total product revenue was offset by the decline of 5.7 percent in financial services revenue. Adjusted pre-tax profit was 24.2 million pounds, an increase of 7.1 percent, while statutory pre-tax profit rose to 28.2 million pounds. The company...

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N Brown posts Q1 product revenue growth of 4.6 percent

N Brown posted first quarter revenue growth of 0.5 percent to 168.7 million pounds with product revenue up 4.6 percent and financial services revenue down 5.9 percent. The company’s core brands, Jacamo, Simply Be, JD Williams, Ambrose Wilson and Home Essentials, were up 15.5 percent and now represent 81 percent of product revenue, up from 67...

Management

N Brown sales drop by 8.8 percent but recover over Q1

Product revenue at N Brown Group plc continued to recover from the sudden and sharp decline experienced in the first quarter of FY’21 caused by the impact of Covid-19. Group revenue declined 8.8 percent compared to 21.9 percent drop in the first quarter. Within apparel, the company saw strong growth in leisurewear and nightwear offset by a...

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N Brown posts drop in H1 revenue and profit

N Brown’s revenue declined 17.6 percent to 356.7 million pounds for the first half year, as a result of a 20.5 percent decline in product revenue and a 12.2 percent decline in financial services revenue. The company said statutory profit was 14.1 million pounds, a decrease of 4.7 million pounds, adjusted profit before tax was 22.6 million...

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N Brown posts recovery in Q2 revenues

N Brown In the second quarter, group revenues at N Brown declined 13.4 percent, recovering from a 21.9 percent decline in the first quarter. For the first half, the company reported revenue drop of 17.6 percent. Product revenue for the second quarter was down 12 percent and down 20.5 percent in the first half period. The company said in a...

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N Brown sees improved trading, secures new finance deal

N Brown Group plc said that trading has improved from the sudden and significant decline experienced in March with product sales down 25 percent in the last six weeks. The company said in a statement that it has seen significant growth in home & gift categories, up 74 percent, but continued weakness in apparel sales, down 48 percent and within...