N Brown to close five loss-making stores in high street retreat

Manchester-based home shopping company N Brown Group is showing the first signs of a retreat from the high street as its online performance continue to shine.

The company is to close five loss-making Simply Be and Jamaco dual fascia stores at unspecified locations, blaming weak high-street footfall, together with significant future business rate increases for some stores. The five stores contributed £5m revenue but accounted for the entire £2m operating loss of the group's store estate last year, ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...