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N Brown Group PLC (BWNG.L)

BWNG.L on London Stock Exchange

140.50GBp
17 Aug 2018
Change (% chg)

2.00 (+1.44%)
Prev Close
138.50
Open
140.70
Day's High
141.80
Day's Low
137.30
Volume
199,127
Avg. Vol
577,608
52-wk High
361.00
52-wk Low
135.00

Latest Key Developments (Source: Significant Developments)

N Brown To Consider Closing 20 Stores
Thursday, 14 Jun 2018 

June 14 (Reuters) - N Brown Group PLC ::N BROWN GROUP PLC - FULL YEAR EXPECTATIONS ARE UNCHANGED.N BROWN GROUP PLC - Q1 GROUP REVENUE UP 0.4%.N BROWN GROUP PLC - Q1 TOTAL ONLINE REVENUE +3% AND POWER BRAND ONLINE REVENUE +9%.N BROWN GROUP PLC - COMMENCED A CONSULTATION PROCESS WITH COLLEAGUES OVER FUTURE OF SMALL STORE ESTATE.N BROWN GROUP PLC - ENTERING INTO A CONSULTATION WITH STORE COLLEAGUES TO CONSIDER CLOSING 20 STORES AHEAD OF LEASE EXPIRY.N BROWN GROUP PLC - ANTICIPATE THAT CONSULTATION PROCESS WILL BE COMPLETED AROUND TIME OF HALF YEAR RESULTS IN OCTOBER. SHOULD.N BROWN GROUP PLC - SHOULD DECISION BE TAKEN TO CLOSE 20 STORES, ANTICIPATE EXCEPTIONAL COST OF £18M TO £22M, OF WHICH ABOUT HALF WILL BE IN CASH.N BROWN GROUP PLC - SEES FY19 EXCEPTIONAL COSTS £22M TO £26M.  Full Article

N Brown Group Says FY Revenue 922.2 Million Stg
Thursday, 26 Apr 2018 

April 26 (Reuters) - N Brown Group PLC ::FY PRETAX PROFIT 16.2 MILLION STG.FY REVENUE 922.2 MILLION STG.SEES FY19 PRODUCT GROSS MARGIN FLAT TO +100BPS.SEES FY19 FINANCIAL SERVICES GROSS MARGIN -100BPS TO -200BPS.SEES FY19 GROUP OPERATING COSTS +1.5% TO +3.5%.SEES FY19 NET INTEREST £12M TO £13M, REFLECTING OUR NEW EXTENDED FINANCING FACILITIES.SEES FY19 CAPEX C.£40M.SEES FY19 NET DEBT £425M TO £450M, WHICH ASSUMES £25M TO £50M GROWTH IN FINANCIAL SERVICES CUSTOMER LOAN BOOK.FY ADJUSTED TRADING PROFIT BEFORE TAX WAS £81.6M, UP 1.3% YEAR ON YEAR.N BROWN GROUP - STATUTORY PROFIT FOR YEAR OF £16.2M, HEAVILY IMPACTED BY EXCEPTIONAL COSTS OF £56.9M WHICH LARGELY RELATE TO LEGACY ISSUES.FY GROUP REVENUE WAS UP 3.9% TO £922.2M.FY PRODUCT GROSS MARGIN WAS 52.2%, DOWN 250BPS FOR YEAR AS A WHOLE, AND DOWN 320BPS IN SECOND HALF.PROPOSING TO HOLD FULL YEAR DIVIDEND CONSISTENT WITH LAST YEAR, AT 14.23P..FY ONLINE REVENUE WAS UP 10% YEAR ON YEAR.  Full Article

Koovs ‍announces partnership with N Brown group
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Koovs Plc :‍ANNOUNCES PARTNERSHIP WITH N BROWN GROUP TO ADD EXCLUSIVE KOOVS PRIVATE LABEL YOUNG FASHION BRAND TO N BROWN'S SIMPLY BE OFFER​.‍ANNOUNCEMENT IS EXPECTED TO GO LIVE WITHIN NEXT 3 WEEKS​.  Full Article

N Brown posts H1 adjusted profit before tax ‍32.2​ mln stg
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - N BROWN GROUP PLC ::H1 REVENUE ROSE 5.6 PERCENT TO 453.4 MILLION STG.INTERIM DIVIDEND 5.67 PENCEPER SHARE.H1 ADJUSTED PROFIT BEFORE TAX ‍32.2​ MILLION STG VERSUS 31.6 MILLION STG YEAR AGO.‍"IN LINE WITH OTHER RETAILERS, FX RATES REPRESENT A HEADWIND AND THIS WAS PARTICULARLY FELT THIS HALF​" - CEO.H1 NET DEBT ‍305.7​ MILLION STG VERSUS 286.7 MILLION STG YEAR AGO.‍"CURRENT TRADING IS ON TRACK WITH OUR PLAN AND WE ARE FOCUSED AND WELL PREPARED FOR PEAK TRADING PERIOD AHEAD​" - CEO.‍ANNOUNCING PARTNERSHIPS WITH AMAZON FASHION (SIMPLY BE AND JACAMO), NAMSHI (SIMPLY BE) AND DEBENHAMS (JACAMO) TO SELL CAPSULE COLLECTIONS ONLINE​.  Full Article

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UK's N Brown looks to close all 20 stores and move online

British clothing retailer N Brown Group Plc said on Thursday it was looking to close all its stores and move entirely online, the latest in a string of chains cutting back their High Street presence due to the tough retail environment.