N Brown has issued a trading update which pointed to a second quarter of overall improvement in its performance. The business said that fewer of its credit customers were taking payment holidays and that its financial services cash collection rates had remained stable. Net debt was reduced by 17.3 per cent across the six months to August to stand at £411.1 million.
Home and gift sales had strengthened virtue of the launch of Home Essentials, and fashion brands were recovering. 92 per cent of product revenue was credited to digital channels.
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