Updates

N Brown - Fit4Future rollout continues apace

May 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

N Brown’s full year results to end February had been well flagged with double digit growth seen in H2. The only new news was that the there is a one off exercise to clear some old inventory and a comment on FX headwind, but other than that it was much as expected. The clothing market of course remains choppy as reported by all the retailers but the Fit4Future programme remains on track and will counter this softness. Capex spend was £58m towards the programme and there was a bit of an unwarranted reaction in the shares.But companies don't stand still when hurricanes strike. In terms of the F4F, considerable changes are imminent. In May, the F4F Planning transformation starts, giving Brown improved tools for assortme ...

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