12th Jan 2023 15:18
N Brown Group PLC - Manchester-based clothing and footwear retailer whose brands include JD Williams, Simply Be and Jacamo - Provides Christmas trading update, saying revenue is down 7.6% on a year before in its financial third quarter, the 18 weeks to December 31, to GBP249.2 million. Product revenue is down 9.2% to GBP166.4 million, while Financial Services revenue is down 4.2% to GBP82.8 million. Total revenue in the first nine months of financial 2023 is GBP580.7 million, down 5.9% on a year before. N Brown says it expects the fourth quarter to be weaker than the third, based on seasonal patterns and amid a "soft and highly promotional market". Read More