N Brown Group, and its principal subsidiary, JD Williams and Company Ltd, is a leading internet and catalogue home shopping company, with over 140 years of experience in the distance shopping market. Our extensive ranges of value products, principally clothing, footwear, household and electrical goods, are carefully targeted at the right customers and are provided through whichever channels to market our customers demand. In addition we provide financial services to our customer base, including flexible credit plans.

http://www.nbrown.co.uk/

N Brown sees positive momentum pick up in first quarter

Tue, 02 July 13


Underlying revenue growth at FTSE 250 home-shopping business N Brown accelerated strongly in the first quarter of its financial year with all of its core products contributing.

In a prepared statement for Tuesday's annual general meeting (AGM), Chairman Andrew Higginson said that the positive trends announced at the time of the full-year results in May have "improved further in the last 10 weeks".

The company, whose brands typically target people aged 30 and above, had said that group revenues in the first seven weeks of the year to April 20th were up 6.3% with like-for-like sales 6.1% higher.

This growth had sped up to 8.0% and 7.8%, respectively, in the 17 weeks to June 29th, helped by growth from all major brands, product groups and channels, including online, stores and international.

N Brown's brands include Simply Be, Jacamo and Figleaves.

"Ladieswear revenue has recovered as the weather has improved, and we continue to see strong growth from menswear and footwear. Home and gift's sales momentum is continuing and it remains our fastest growing product category," Higginson said.

Spend level of customers has been maintained at last year's increased rate helped by customer recruitment. N Brown is currently in the process of cutting down the number of brochures it sends out and is investing more in the online business, which now accounts for over half of total home-shopping revenue.

Higginson concluded: "We have made a good start to the year and we will endeavour to keep up the momentum whilst recognising that our customers continue to face pressure on their disposable income. The board remains confident of a positive outcome for the year."

The stock was up 3.97% at 484.5p by 08:46 on Tuesday.

N Brown: Panmure Gordon raises target price from 460p to 475p maintaining a hold recommendation.

3 Jul Cantor... 470.00 Hold

Director Deals - Brown (N) Group PLC (BWNG)

BFN

Andrew Higginson, Chairman, bought 827 shares in the company on the 2nd July 2013 at a price of 577.00p. The Director now holds 83,334 shares.
NOTE: Price for transaction £4,777
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.

Brown (N) Group: HSBC Holdings ups target price from 485p to 500p keeping an overweight rating.

Less is more for N Brown as summer fashion underwear takes off

HOME shopping fashion retailer N Brown said yesterday summer sun had given its sales an extra glow.



Published: Wed, July 3, 2013










Jelena-Ristic-models-the-Figleaves-line-of-lingerie-for-N-Brown


The weather improved and female demand bounced back.

Alan White, director of N Brown

It said sales climbed 8 per cent in the 17 weeks to June 29 with demand up 7.8 per cent on the same period last year.

Director Alan White, who was succeeded as chief executive by Angela Spindler on Monday, said women’s wear had done particularly well, helped by the end of the cold snap and a campaign for its Figleaves lingerie fronted by Jelena Ristic, girlfriend of tennis star Novak Djokovic.

White said: “The weather improved and female demand bounced back. We also saw continued strong growth from menswear and footwear and home and gifts products.”

He said customers still faced pressure but the economy was “no longer holding us back”. He hopes for further growth online in the US and with more SimplyBe and Jacamo stores.

23 Jul Shore Capital N/A Buy

Description Div for Period
(pence per share) Ex Dividend Record Date Payment Date
Prelim 8.23 26 June 2013 28 June 2013 26 July 2013

FLASH: Credit Suisse lifts N Brown to outperform from neutral, target raised from 455p to 620p

http://www.stockmarketwire.com/article/4654342/FLASH-Credit-Suisse-lifts-N-Brown-to-outperform-from-neutral-target-raised-from-455p-to-620p.html#sthash.ug6ahf07.dpuf

Well done Bones, if you are in this one.

FTSE 250 movers: N Brown jumps after broker upgrade

Wed, 21 Aug 2013

Internet shopping group N Brown was a high riser today after Credit Suisse raised its rating for the stock from 'neutral' to 'outperform' and lifted its target price from 455p to 620p.

N Brown, whose brands include Simply Be, Jacamo and Figleaves, has seen its stock surge by around 50% so far this year but Credit Suisse still sees more upside given its potential to "transform this traditional credit-driven mail order business into a more competitive and profitable apparel company with scalability overseas".

Brown (N) Group: Citi takes target price from 435p to 525p, while staying with its neutral rating.

Publishes its trading statement Thurs 16 Jan, Shares seems to think another one unlikely to disappoint.

Brown (N.) Group (BWNG) 557.00p +6.10%

Brown (N) Group: UBS lowers target price from 565p to 535p and downgrades from neutral to sell.

Results out May 1st -- unlikely to disappoint.

http://data.beaufortsharedealing.com/broker-views/BWNG/Brown-N-Group-news

Director Deals - Brown (N) Group PLC (BWNG)

BFN

Andrew Higginson, Chairman, bought 415 shares in the company on the 28th April 2014 at a price of 510.50p. The Director now holds 86,514 shares.

Story provided by StockMarketWire.com

Full Year Results for the year ended 1 March 2014

http://www.moneyam.com/action/news/showArticle?id=4802348

N Brown hits record profits and eyes 'more ambitious' future

Thu, 01 May 2014

A strong early performance in the US helped online clothing retailer N Brown post a year of record profits, with new Chief Executive Angela Spindler confident of reaching double-digit sales growth in 2016.

The FTSE 250 company, which specialises in plus-sized and middle-aged fashion, generated a profit before tax and fair value adjustments up 5.3% to £100.1m as sales climbed 6.4% to £834.9m. Adjusted earnings per share declined 1.4% to 27.9p, incorporating a higher tax charge as previously guided by management.

First-half growth of 8% slowed to 4.9% through the second as some sales were foregone due to a tightening of its credit policy and a pausing of expansion in the third quarter in the US.

A lot had been achieved in the year while the group entered a period of transition under Spindler, who was appointed last July.

N Brown is investing in the further development of its multi-channel offer, increasing customer recruitment, revitalising major brands and driving international expansion for future growth and is still planning to step up the pace of change in the business.

Spindler was encouraged by the results of the early changes but alluded to an even "more ambitious future".

She was particularly encouraged by the strong performances from its 'younger' brands, focused on ages 30-plus, primarily driven by Simply Be and Jacamo, which were the biggest drivers of growth in absolute terms as they begun a store roll-out to complement their online strength.

"Going forward the benefits of our strategic initiatives will start to come through as we look to achieve a double-digit rate of sales growth during the financial year ending February 2016," she said.

"I am even more convinced that we have a great platform and you'll see us build on that strong base at an even faster pace as the implementation of our plan gathers momentum."

Follow the update, broker Shore Capital held its 2016 forecasts but downgraded its 2015 forecasts, reflecting the lower base of earnings, an anticipated £1m cost and trading losses associated with a flagship store on Oxford Street in London that is due to open in September, plus around £1m of annual double running costs as management has now chosen to maintain investment in existing websites through the period of the infrastructure improvement programme.

It said this was "still early days" in an "exciting" medium term growth story in light of Spindler's pledge of double-digit growth.

Shares in the company were up 2.9% to 528p at 09:05 on Thursday.

1 May Credit Suisse 620.00 Outperform
1 May N+1 Singer 630.00 Buy

Sunday Telegraph

The Questor column takes a look at retailer of 'clothes targeted at older and fuller-figured shoppers', N Brown.


Results this week were solid but growth in earnings is slowing and pre-tax profits were up just 1 per cent.


The Jacamo and High & Mighty company has a new chief executive, Angela Spindler, previously the managing director of Debenhams and ex-George at Asda.


She wants to beef up the companies US sales, Questor says, and is set to unveiled as many as 16 new stores by the end of this year.


But sales are slowing, first half like-for-like sales increased by 7.8 per cent, but by the second half that had slowed to 4.8 per cent.

The shares have doubled during the past two years but are down 5 per cent this year. Questor says that expected earnings per share of 31p leave the shares looking expensive , trading on 16.6 times earnings. Broker downgrades could come - sell.