Articles tagged debenhams

Debenhams completes refinancing plan

Debenhams has completed the refinancing of its borrowing facilities in an attempt to reduce its reliance on bank funding.

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Debenhams’ H1 pre-tax profit plummets by 24.5%

Debenhams reports that its like-for-like group sales declined to 1 per cent for the 15 week to 14th of June 2014, attributing to its date change for its summer sale to 26th of June.

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Selfridges announces £300m Oxford Street flagship makeover

It’s already well-known for its luxury offering, traffic-stopping window displays and inimitable yellow branding, but soon Selfridges’ Oxford Street flagship will have a new claim to fame- as the ‘world’s largest and most comprehensive destination for accessories’.

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Debenhams announces 24.5% profit freefall

Debenhams has announced a 24.5 per cent fall in half-year pre-tax profit to £85.2 million after the department store chain suffered the ill effects of a challenging and competitive environment.

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Debenhams to open new Latvian store next month

Debenhams is preparing to open the latest addition to its Baltic expansion with a new store in Riga next month.

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Debenhams celebrates 200th birthday with £25m store revamp

As part of its landmark 200th birthday celebrations Debenhams has unveiled a total revamp of its Oxford Street-based flagship store.

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Sports Direct and Debenhams bosses set for talks
Photo credit: Debenhams

Top brass from Sports Direct and Debenhams are set to meet on Thursday to discuss the sporting goods retailer’s controversial assault on shares ten days ago. Dave Forsey, chief executive of Sports Direct, and Michael Sharp, chief executive of Debenhams, will meet today in order to discuss the intervention.

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Sports Direct withdraws Debenhams stake just days after buying shares
Photo credit: Sports Direct

Sports Direct has sold its Debenhams stock just days after it purchased 56.8 million shares worth around £46 million. Despite pledging to be a supportive investor for the department store chain, Mike Ashley’s sportswear brand pulled its 4.6 per cent stake and instead entered a so-called ‘put option’ agreement to buy a 6.6 per cent stake.

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Sales continue to soar at John Lewis and Waitrose
Photo credit: John Lewis

John Lewis Partnership has hailed “a cracking start to the year” as both John Lewis and Waitrose record bumper post-Christmas sales. Total sales across John Lewis department stores rose 23.6 per cent to £113.4 million in the week ending January 4, while the retailer’s total sales, which includes sales online, were up 15.8 per cent year-on-year.

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Sports Direct acquires 5% of Debenhams

Mike Ashley’s Sports Direct on Monday morning acquired a 4.6 per cent stake in Debenhams as it announced it wanted to explore options “at an operational level” to work with the department store group.

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