N Brown eyes further openings in the south as profits increase

Kasmira Jefford
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N BROWN, the online, catalogue and stores retailer, said yesterday it is planning to roll-out further stores, with a move into the south of England, as the group met forecasts with a 2.6 per cent rise in full year profits to £96.4m.

The Manchester-based company began rolling out its first physical stores in 2011 and has opened seven Simply Be womenswear stores in places like Leicester at a time when many of its high street rivals are downsizing and shifting their focus online.

Alan White, who is stepping down as chief executive after 28 years with the company, said: “Our thinking is that with a portfolio of 25 stores in the right locations you can cover a huge proportion of consumers and is the right way for us to go.”

His comments came as the group reported a six per cent rise in sales to £784.7m with online sales up 15 per cent to £424m in the year to 2 March 2013.