The chairman of listed retailer N Brown is to step down at the end of March. 

The Manchester-headquartered eCommerce company said Matt Davies is to leave the role to spend more time on his other business activities. 

Davies also serves as chair of limited companies Travel Counsellors and Hobbycraft Group. 

In January, fashion group N Brown reported an 8.8 per cent drop in revenue for the 18 weeks to 2nd January. 

Sales of its core brands including JD Williams and Jacamo fell 1.4% while revenue from other brands such as Premier Man and High & Mighty fell 26.1%. 

The firm said it had suffered from stock delays due to a shortage of shipping containers. 

A former chief executive of Tesco UK, Davies joined N Brown in 2018, having been replaced at the supermarket giant by Booker CEO Charles Wilson a year after its £3.7 billion merger. 

Still in his 40s, Davies served as CEO of Pets at Home from 2004-2012 and Halfords from 2012-2015. 

“The board would like to thank Matt for his contribution over the past three years and for guiding the business through a successful refinancing and transfer to AIM,” N Brown – which runs Simply Be, Jacamo and JD Williams – said in a statement. 

He will be succeeded as chairman by Ron McMillan, who will relinquish his roles as a senior independent director and audit committee chair of N Brown. 

McMillan is currently a senior independent director at B&M and SCS Group, while he is also on the board of Homeserve. 

Gill Barr will succeed him as the senior independent director while an additional non-executive director will be recruited.