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Simply Be and Jacamo owner N Brown mulls final all stores

Simply Be and Jacamo owner N Brown mulls final all stores
14 June 2018 - 12:46 'was also added 129 Viewed.
Freddie Flintoff and Jacamo advert Symbol copyright Jacamo

The Company at the back of the Simply Be and Jacamo clothing brands, N Brown, has mentioned it is taking into consideration remaining its 20 remaining stores and becoming a pure on-line retailer.

The determination – which concerns 12 dual-logo Merely Be and Jacamo retailers and eight High and Potent retail outlets – puts 270 jobs at risk.

N Brown stated shopper numbers at the shops were “very disappointing”.

Final yr, the shops generated £15m of sales, about 2% of group revenue.

the scoop is the latest blow to UNITED KINGDOM Top Streets, with a string of retailers having announced retailer closures this year. Ultimate week, Area of Fraser said it was making plans to close 31 retailers.

Body Of Workers session

N Brown, based in Manchester, has been in business because the 1850s. Its focal point is on “speciality fit” apparel, for larger sizes and shorter and taller people.

It stated in a press release it was once getting into a session with staff to think about remaining its 20 retail outlets sooner than the expiry of their rentals.

Angela Spindler, chief executive of N Brown, mentioned: “we are excited by turning into a world on-line store. Reflecting this technique, now we have undertaken a review of our store estate.”

She said this review would be entire by means of the time the corporate stated its part yr leads to October, and it would do all it will to support body of workers affected.

N Brown stated that if all of the stores had been closed it might price it among £18m and £22m.

The Company also stated that in the 13 weeks to two June group revenues edged up 0.4%.

The increase was helped by means of a NINE% upward thrust in financial products and services earnings, as revenues from its retail manufacturers fell 2.8%.

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