The owner of Simply Be and Jacamo brands, N Brown has revealed that its revenue in its first quarter of its financial year has dropped; however this was in line with their expectations so remains unchanged.
Figures show that group revenue fell 0.2% and product revenue dropped 1.6% in the 13 weeks to 28th May.
Chief executive at N Brown, Angela Spindler, said: "Overall trading in the quarter has been in line with our expectations and our guidance for the full year remains unchanged. Product sales have been satisfactory when viewed against the challenging market backdrop."
Reports show that Simply Be and Jacamo revenue were up year-on-year due to improvements and new season campaigns and JD Williams saw double-digit growth, however as a whole revenue dropped due to a weak performance from the Fifty Plus title.
The company’s secondary brands, Marisota, Figleaves, High and Mighty and Fashion World also saw product revenue drop slightly year-on-year, whilst its more “traditional” brands including House of Bath, Premier Man, Julipa and Ambrose Wilson, saw a mid single-digit decrease in product revenues.
Ms Spindler added: "Our three Power Brands, JD Williams, Simply Be and Jacamo, continue to outperform the wider group. Revenue from our traditional segment has continued to decline, but remedial actions are now well underway.
"Our systems transformation programme, Fit 4 the Future, remains on track in all respects. Looking forward, our new systems will give us a strong platform to capitalise on the significant growth opportunities ahead."
