Trading at online and catalogue retailer N Brown has proved better than expected so far this year, with like-for-like revenue growth of 1.9 per cent in the 17 weeks to the end of June.
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Gross margins were a percentage point lower than expected, partly the result of higher promotional activity needed to sell summer clothing, which has been hit by the poor weather. But management expects less discounting in the second half and a boost from lower input costs.