Outgoing N Brown chief signs off with profits rise
The chief executive of N Brown has signed off his last results at the catalogue and online retailer with a rise in profits and confidence about growth prospects.
Alan White, who steps down in July following 11 years at the helm, waxed lyrical about a huge opportunity in the US after the group posted a small rise in annual profits.
N Brown, which targets the older, larger customer, launched its Simply Be womenswear in the US in 2010, and said sales there rocketed by 75 per cent to £8.4m last year. The online specialist aims to grab a 1 per cent share of the plus-size womenswear market in the US, which is worth $35bn (£23bn).
Mr White, who joined N Brown in 1985 but spent three years at Shop Direct around the millennium, will be succeeded by Angela Spindler.
N Brown grew its profits by 2.6 per cent to £96.4m in the year to 2 March. Its sales rose 6 per cent to £784.7m, with online accounting for more than half of that.
- 1 Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by police in Ohio park
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 4 Naked free runner captured in breathtaking photographs above London's streets
- 5 Manchester United named Premier League's loudest fans despite late push by Chelsea according to 'Smart Meter' app
Turkish President: 'Equality between men and women is against nature'
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by police in Ohio park
Heroin to be prescribed to Canadian addicts by doctors
Audacious North Korean kidnap plot foiled at Paris airport as 'Asian men' attempted to bundle student onto plane
Revealed: the case against Bill Cosby – through the stories of his accusers
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
France 'blocks' Russian sailors from boarding a warship
Green Party Caroline Lucas interview: 'We could be on the edge of something very big'
iJobs Money & Business
Negotiable: Argyll Scott International: Hi All, I'm currently recruiting for t...
£50000 - £60000 per annum + benefits: Argyll Scott International: A Business A...
£30000 - £35000 per annum + benefits: Ashdown Group: PR Marketing & Events Exe...
$80000 - $110000 per annum, Benefits: Bonus and Employee Investment Scheme: Se...