N Brown Group, the clothing retailer from the UK, saw its revenue for the year fall to 1.8 per cent.
The Group said that the slump in the revenue distinctly reflected a dip of 0.6 per cent in product sales – not to mention the 4 per cent reduction in financial services.
The product revenue, reportedly, rose by 4 per cent, which was good – except the closure of its lingerie section (Figleaves) recently.
Notably, the adjusted EBITDA rose by 11.9 per cent year-on-year to £95 million.
According to a recent review strategy conducted by external consultants, the major focus will be on the growth of Group’s esteemed brands Simply Be, Jacamo and JD Williams.
It was also highlighted that ‘Home’ will remain a significant section for N Brown; however, the aim will be to grow the same via the multi-category platform of JD Williams.
N Brown offers a range of products, predominantly clothing, footwear and homewares. It generated £594.9 million in 2020.
