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Trading statements

N Brown revenues rise

19 January 2017 07:30

N Brown's group revenues rose by 4.1% in the 18 weeks to 31 December driven by double-digit growth in ladieswear.

The said it was on track to meet full year expectations.

Q3 strategic highlights:

- Online revenue up 12%, with penetration now 70%, up 4ppts year-on-year

- 77% of new customer demand generated online

- Strong performance of Power Brands:

- Revenue up 10%

- Active customer file up 13%

- Quality of the debtor book significantly improved

- Christmas trading driven by record Cyber fortnight Chief executive Angela Spindler said: "I am pleased to report a good trading period, with standout performances from Ladieswear and the Simply Be brand. All key brands and categories grew in the period, including our Traditional titles which had diluted performance in the first half.

"Online sales were up 12%, accounting for 70% of Group revenue. Mobile devices made up 72% of traffic and conversion on mobile devices continues to improve.

"We are benefiting from improved trading agility as a result of the transformational changes we have made. This was reinforced by our performance across Cyber fortnight which resulted in two record-breaking weeks for the business.

"In light of our trading performance, as we approach the year-end, we are comfortable with current market expectations.

"We are operating in what continues to be a challenging period for the industry and are still in the process of delivering some key elements of our transformation plan. I am, however, very pleased with the progress we are making."

Story provided by StockMarketWire.com

Related Company: BWNG

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