N Brown on course following transformation plan

Home shopping giant N Brown expects to hit the profit figure it promised at the last quarterly results in October 2023, despite a drop in sales.

In a trading statement to the stock market this morning, covering the 18 weeks to 6 January 2024, the Manchester headquartered group, which includes brands like JD Williams and Jacamo, said a new JD Williams website will be launched this year along with a new Product Information Management system, enhancing product descriptions for customers.

Steve Johnson

Steve Johnson, Chief Executive, said: “We are pleased with the progress we have made in transforming the business, the resilience built through our strong balance sheet, and that our full year EBITDA expectations are on track.

“Building on what’s been achieved in the last 12 months, we continue to make progress on our strategic transformation, with the launch of the new Jacamo website another recent milestone. 2024 will be about further improving the customer experience and positioning the business for future growth, with scheduled launches of the new JD Williams website as well as our Product Information Management system, which will ensure our customers have better product descriptions to inform their purchases. Our strong liquidity position provides a solid base for continued investment in our strategic priorities.”