N Brown Group has reported a slower third quarter with revenues for the 18 weeks to 1st January 2022 coming in at £267.6m. Of this, it said that clothing and footwear had resurged with growth of 18 per cent, however, when it came to homewares and gifts, sales fell by 19 per cent. Full-year revenues of £614.4m are expected with adjusted EBITDA of between £93m-£96m.
Steve Johnson, CEO said: “The business has performed resiliently over the peak period and our colleagues have worked tirelessly to deliver for customers in challenging circumstances.
“Against the backdrop of Covid uncertainty, a volatile consumer environment and well-documented supply chain issues, the continued growth of our strategic brands has been particularly pleasing, as has a return to growth in active customers. We are now seeing more people than ever shopping with Simply Be and Jacamo. JD Williams is also resonating well with customers, particularly on the back of our successful partnerships with Amanda Holden and Davina McCall.”
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