- N Brown said Thursday that it was considering whether to close all of its 20 stores after reporting sluggish revenue growth amid a 'challenging' period for fashion retail in the fiscal first quarter.

For the 13 weeks to 2 June, group revenue rose 0.4% as product revenue fell 2.8%, offsetting financial services revenue of 9%.

The company said that ongoing weak high street footfall has forced it to consider whether to close all of its stores.

'In line with our online strategy, and given continued weak high street footfall, we have today commenced a consultation process with colleagues over the future of our small store estate,' the company said.

The announcement comes as online revenue rose 3%. More than three quarters of the company's total revenues were now generated online.

At 8:33am: [LON:BWNG] Brown N Group PLC share price was -4.95p at 192.75p

Story provided by