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N Brown sets out gloomy outlook as orders fall

Trading was weak in 2023, and sales are expected to fall again this year
June 6, 2023
  • Significant legal settlement
  • Dividend not reinstated

N Brown (BWNG) shares were unsurprisingly marked down by 14 per cent after the Aim-traded online clothing and footwear retailer unveiled an uninspiring set of results amid what it referred to as “challenging online market conditions”. Post-pandemic online trading trends were indeed apparent across the company’s key performance indicators, with order numbers down by 15 per cent to 8.7mn and active customer numbers falling by over 10 per cent to 2.6mn.

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