N Brown profit and revenue decline driven by ‘challenging online market conditions’
N Brown has posted a fall in revenue, which it says reflected “challenging online market conditions” as inflation took its toll on customers and costs.
The fashion group reported a 5.3% drop in group revenue to £677.5m in the 53 weeks to March 4.
Adjusted profit before tax dropped 82.6% from £43m to £7.5m, while product revenue fell 6.9% to £433m.
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