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News Tag: Debenhams

September 20, 2011

Debenhams exceeds profits forecasts

by Kay Mitchell
Debenhams, which is Britain’s second largest department store after John Lewis, has today exceeded market expectations after reporting growth of 0.4% in the nine week period to the end of August on a like-for-like basis. The retailing giant said aggressive summer discounting and promotions had helped increase its market share. The company said growth came from its Danish subsidiary, Magasin du Nord, acquired two ...

June 30, 2011

Debenhams reports rise in half-year sales

by Kay Mitchell
Debenhams, which is Britain's second largest department store after John Lewis, today brought some much-needed good news to the retail sector after reporting an increase in second half-sales. The retailing giant said sales at stores open more than a year, excluding VAT sales tax, were 1.5% higher in the 17 weeks to June 25. It also said it would meet forecasts for full-year ...

April 14, 2011

Debenhams reports rise in half-year profits

by Kay Mitchell
Department store Debenhams appears to have bucked the trend on the High Street after reporting a rise in half-year profits. The retailer, which has 167 stores in the UK and Ireland, said pre-tax profits for the six month period to 26 February totalled £125.3 million - up from £114.5 million in the same period a year earlier. The results come after other major ...

March 15, 2011

Debenhams bullish despite economic issues

by Kay Mitchell
Department store group Debenhams said like-for-like sales fell 1.5% (excluding VAT) in the 26 weeks to 26 February. Despite the fall, the no. 2 department store (after John Lewis) said it was well placed to manage the uncertainty surrounding the economy, which is squeezing household incomes due to soaring inflation. It said it will focus on increasing profit margins rather than sales. The ...

April 16, 2010

John Lewis posts another double digit rise in weekly sales

by Kay Mitchell
The John Lewis Partnership, which is seen as a barometer of British retailing, today announced that sales grew 10% in the week to 10 April, compared with the same period a year ago. The renowned employee-owned department store said customers are still spending despite the uncertainty over next months’ election. The firm has been outperforming its rivals this ...

April 13, 2010

UK retail sales continue recovery in March

by Kay Mitchell
The British Retail Consortium (BRC) has today revealed the High Street continued its recovery in March with UK retail sales rising at their fastest rate in almost four years. According to the BRC, the rise was boosted by Easter shopping as consumers stocked up on chocolate, food and drink for the Easter weekend. The BRC said the total value of ...