N Brown Group has reported a drop in revenue of 1.8% for the year to 26 February 2022.
The retailer, which own JD Williams, Simply Be, Ambrose Wilson, Jacamo and Home Essentials, said the drop in revenue reflected a 0.6% fall in product sales and a 4% reduction in financial services.
However, the group said that excluding the closure of lingerie division Figleaves in early 2021/22, product revenue grew by 4%.
Adjusted EBITDA was up 11.9% year on year to £95m.
N Brown Group hired external consultants in autumn 2021 to conduct a review of strategy which resulted in:
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