N Brown Group has seen its profit before tax increase by 171.4% in the year to 2 March, reaching £13.3m.

This comes as the firm, which offers a range of products including clothing, footwear and homewares, saw its revenue drop by 9.8% to £600.9m.

N Brown Group, which owns brands including Jacamo, Simple Be and JD Williams, said that this drop in revenue was a result of “continued challenging market conditions”, alongside a focus on driving profitable sales.

This financial news comes after Jacamo launched its first mobile-first website and JD Williams introduced its Anthology premium line.

Chief executive at N Brown Group, Steve Johnson, said: "We have delivered against our strategic and financial objectives this year. We have kept to our transformation plans, despite the macro-economic backdrop, whilst building resilience through our strong balance sheet, and achieving adjusted EBITDA above market expectations.

"Our customers are now seeing tangible benefits from our transformation, with an enhanced experience being delivered by our new websites and our recently launched product information management system ensuring customers have more detailed product descriptions to inform their purchases."

In its outlook for the rest of the financial year, N Brown Group said that its product revenue is improving throughout the start of the latest financial year, with Q1 revenue increasing by 6%,

The group added that this improvement is expected to continue as the year progresses, and a "moderate level of growth", alongside a "modest" improvement in the rate of decline in financial services revenue and a group gross margin rate consistent with the 2024 financial year.

Johnson added: "Looking ahead, our strong liquidity position allows for continued investment in our strategy, positioning the business for sustainable growth whilst always improving the customer experience.

"I'd like to thank all our colleagues for their continued hard work in progressing our transformation and for the results achieved this year. We are confident in our strategy and in building a stronger N Brown for all stakeholders."

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