N Brown confident for 2010

27th Apr 2010 08:14

Internet and catalogue home shopping company N Brown reported a 12.6% rise in annual pre-tax profit and issued a confident outlook for 2010.Adjusted pre-tax profit rose to £93.1m for the 52 weeks to 27 February 2010. Total group revenue rose 4.2% for the full year to £690.0m.Like for like sales for the eight weeks ended 24 April were up 3.1%.The group also announced that it plans to enter the US market this summer. "Our strategy to expand our product ranges, enhance our websites and introduce new brands, has helped us achieve growth across all customer groups providing a strong platform for the future," the company said in a statement.N Brown added that the 21% increase in online sales underpinned growth and is at the heart of revenue growth in the next few years."We are confident we can deliver another good performance in 2010."