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Rising sales, loss-making store closures bring cheer to N Brown
Rising inflation and muted wage growth following the Brexit vote in June last year has forced consumers to rein in their spending. Although the outlook for consumer confidence remains uncertain, our offering is resonating with customers, Chief Executive Angela Spindler said. Analysts at Jefferies nudged up their full-year 2018 pretax profit expectations for N Brown by 1 million pounds ($1.3 million) and pushed up 2019 estimates by 2 million pounds, accounting for the store closures.
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