Essential reading for retailers and suppliers in the home improvement market

Sales slump at Debenhams

Published: 17 April 2007
Profits to come in below market expectations
Debenhams has issued its third profit warning since December.

Debenhams said it expected profit for the year to 31 August to be 'below current market expectations', citing a challenging UK retail market.

The news was greeted by analysts saying they would be reducing their full-year earnings expectations and could revisit their recommendations on the shares.

Sales at stores fell 6.9% since the beginning of March, and were 4.5% lower during the 26-week period ended March 3.

However, there was some good news in the interim figures showing pre-tax profit rose 34.4% to £106 million from £79 million on sales that were 5.8% higher at £1.3 billion.

The group is introducing more designer ranges into its Home division with the launch of new collections from Jane Packer and Jeff Banks.

Debenhams said it is hoping to expand its business through its new internet website, as well as internationally through franchises.


Comments


(Your email address will not be published)
9 + 2 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories