Simply Be news and archive

N Brown sales decline 9.8 percent but profits rise

N Brown’s full year adjusted EBITDA margin of 7.9 percent was broadly in line with FY23, while group revenue decreased 9.8 percent to 600.9 million pounds, reflecting the continued challenging market conditions and a focus on driving profitable sales. The company said in a statement that full year adjusted group gross profit margin increased...

Business

N Brown gets SBTi approval for near-term GHG targets

Fashion retail conglomerate N Brown Group has said that its near-term science-based targets to reduce greenhouse gas (GHG) emissions have been approved by the Science Based Targets initiative (SBTi). By 2030, the company has committed to reduce scope 1, 2 and 3 GHG emissions from its operations by 46 percent from a 2021 base year. While scope 1...

Business

N Brown Q3 revenues decline by 9.3 percent

N Brown’s third quarter revenues of 226 million pounds declined by 9.3 percent over the same quarter last year, while year-to-date revenues of 523 million pounds decreased by 9.9 percent. The company witnessed an improving product revenue trend in the third quarter with product revenues declining by 9.7 percent versus 10.4 percent and 11.9...

People

N Brown names Clare Empson as director of supply chain

N Brown Group has appointed Clare Empson as the new director of supply chain. She will commence her new role on January 15, 2024 and will report directly to N Brown’s Group CEO, Steve Johnson. Commenting on Empson’s appointment, Johnson said: “I’m delighted to be strengthening our senior team with Clare’s appointment. Clare joins at an exciting...

Business

N Brown names Heidi Kenyon-Smith as general manager of Simply Be

N Brown Group plc has appointed Heidi Kenyon-Smith as the new general manager of Simply Be. Kenyon-Smith will commence her new role on January 2, 2024 and will report directly to N Brown’s CEO of retail, Sarah Welsh. Commenting on the new appointment, Welsh said: “Heidi joins with a great deal of passion to deliver the evolution of Simply Be...

Business

N Brown Q1 revenues decline by 9.9 percent

For the first quarter, N Brown Group reported revenues of 148.7 million pounds, down 9.9 percent. The company said that the softer product revenue seen in the fourth quarter has broadly continued, reflecting poor early spring weather and low consumer confidence. Commenting on the company’s performance, Steve Johnson, N Brown’s chief executive,...

BusinessFeatured

N Brown: Revenue and profit decline amid challenging market conditions

N Brown Group revenue for the year to March 4 2023 fell 5.3 percent to 677.5 million pounds, reflecting challenging online market conditions. The company said that product revenue declined 6.9 percent, with strategic brands down 5.3 percent. Lower retail sales, net of higher customer credit penetration, led to lower FS revenue, down 2.4 percent....

Fashion

Simply Be links with Hirestreet to launch first rental edit

Plus-size womenswear e-tailer Simply Be has launched its first clothing rental edit. Ranging from sizes 10 to 32, the edit comprises 23 pieces including some of the retailer’s bestselling own-label occasionwear and a bridal dress currently retailing at 220 pounds. Simply Be has teamed up with fashion rental platform Hirestreet for the service,...

BusinessFeatured

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...

Business

N Brown sales sees sales plunge, warns on profit

In light of current market conditions and the rapidly changing developments regarding Covid-19, N Brown plc in an update said that at this stage, there is no way of predicting the impact the virus will have on the company’s sales, nor how long the pandemic will last and what effect it will have on customer behaviour. The company added that while...

Business

N Brown partners with Lamoda and The Iconic for Simply Be

N Brown Group has partnered with Global Fashion Group (GFG), owner of fashion platforms Lamoda and The Iconic. The company said, Lamoda will feature a capsule collection from Simply Be’s A/W18 range, providing reach across multiple cities in Russia and CIS (Commonwealth of Independent States). Meanwhile The Iconic, the company added, will expand...