The rise in inflation has been blamed by N Brown, the group behind the Simply Be, JD Williams and Jacamo brands, for the drop in its revenue during the first three months of its new financial year.
The Manchester-headquartered company has posted a group revenue of £165.1m for the period to May 28, 2022, down 2.1% on the same period in 2021.
In a statement issued to the London Stock Exchange, N Brown added that its earnings expectations for its full year remain unchanged.
