N Brown could slim down through store closures
In the financial year ended 3 March, less than 2% (£15m) of specialist fashion retailer N Brown’s (BWNG) £922.2m group revenue was generated from brick-and-mortar stores.
It is therefore no big surprise that N Brown is thinking about closing its entire shop estate which consists of 20 small, loss-making sites.
The retailer is primarily an e-commerce player with three quarters of its revenue coming from online. The rest of its sales come from consumer credit interests.
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