Home and gift revenues remain ‘broadly flat’ for home shopping group N Brown, in its first quarter trading update for the 13 weeks to 28 May 2016.
According to the retailer’s Q1 figures, total group revenue dropped by 0.2%, compared to its rise of 2.5% over the same period 2015. N Brown said that product sales were ‘satisfactory’ against a ‘challenging market backdrop’, as they fell by 1.6% in Q1.
Within its Home and Gift sector, the Manchester-based group, which owns the JD Williams, Simply Be and Jacamo brands, said that sales remained broadly flat versus Q1 last year against a tough comparative.
Angela Spindler, CEO, commented: “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.
“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.
“Looking forward, our new systems will give us a strong platform to capitalise on the significant growth opportunities ahead.”