N Brown bucks tough British clothing market as online sales grow



British plus-size fashion retailer N Brown Group Plc (BWNG.L) has shrugged off weakness in the sector, with growth in online sales lifting first-half revenue, sending its shares up by around a fifth.
European fashion retailers such as Next Plc (NXT.L) and Hennes & Mauritz AB (HMb.ST) last month blamed warmer-than-expected weather for below-forecast results.
N Brown, known for its SimplyBe, Jacamo and JD Williams brands, said online revenue rose 7.5 percent, with 70 percent of its online traffic coming from mobile devices.
"Online is the most profitable channel for us, with higher... read more

 
11 October 2016 in Business, Views: 48
Source: Reuters
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