N Brown – sold, at a loss

Having bought N Brown (LSE:BWNG) shares in 2018 and 2019 in the hope of a restoration of earnings to more than 20p I’ve now sold in despair at the capability of the managerial team to lift the company, having lost over half my money (bought at £1.42 and £1.30, sold £0.557).
This is a company focused on online retailing. It has been through a period when online retailing boomed. And yet earnings are down to virtually nothing and dividends have been eliminated. The best the directors can come up with for 2022 is that revenue growth will be in the range 1-4%
Earnings and dividends
Pence per share Earnings (statutory) Earnings (adjusted) Dividends
2021 2.63 7.89 0
2020 9.63 16.37 2.83
2019 -20.5 21.38 7.10
2018 4.41 23.06 14.23
2017 15.67 22.74 14.23
2016 19.23 24.02 14.23
2015 18.15 24.61 14.23
2014 27.09 27.74 14.23
2013 28.51 28.04 13.68
2012 29.28 28.84 13.03
2011 26.04 26.88 12.41
2010 22.83 24.77 10.79
2009 22.88 21.96 9.19
2008 21.16 20.27 9.06When I bought in 2018 dividend yield was 14.23p/142p = 10.2%.  It was exceptionally high and so I would have been content if the dividend, say, halved. Instead, it has fallen to zero.
Over the ten years 2008-17 average earnings per share “statutory” were 21.4p.  Thus the cyclically adjusted price earnings ratio when I first bought was 142p/21.4p = 6.6, less than half the market.
And the company displayed a reasonable degree of financial stability with a Piotroski score of 5 out of 9.
The business model of selling £600m+ of clothes and enticing half of those purchases to be on
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