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UK's N Brown looks to close all 20 stores and move online

N Brown, which targets women over 30 and specializes in larger sizes, said it was considering closing its last 20 stores, due to a disappointing number of shoppers. The move online takes the company back to its roots. After launching in 1859, it used the development of the postal system in Britain to sell goods directly to customers. “We continue at pace our journey to become a global online retailer... This will underpin our future growth, both in the UK and internationally,” CEO Angela Spindler said. The company said it was beginning a consultation with staff on closing the stores which it expects to finish by October. If it decides to close all the stores, it expects an exceptional cost of 18 to 22 million pounds ($24-$29 million). It did not say how many jobs would be affected. The stores generated only about 15 million pounds, or 2 percent of total revenue, and posted a core loss of 3 million pounds.

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