Debenhams H1 sales up 3.5% Thursday, 18th April 2013
Debenhams focuses on second half after 5.4 per cent fall in profits for the first half of its financial year. The department store group, which has 165 locations across the UK and Ireland, on Thursday revealed a fall in first-half profit in line with expectations after the retailer issued a profit warning in March.
Debenhams taps Argos for new e-commerce boss Monday, 25th March 2013
Ross Clemmow will join the department store chain in June, taking up the position of divisional trading director of e-commerce. Clemmow will be charged with pushing Debenhams’ multichannel strategy forward after the departure of Simon Forster late last year to Selfridges.
Debenhams signs up for Leamington Shopping Park Tuesday, 19th March 2013
Image credit: British Land
Debenhams signs 15-year lease for new 40,000 sq ft store at Leamington Shopping Park. Owned by the Gibraltar Limited Partnership, Debenham’s new outlet at the 135,000 Leamington Shopping Park in Leamington Spa will replace the Focus unit when it opens by the end of the year.
Snowfall hits Debenhams’ first-half profit Monday, 4th March 2013
Pretax profit at Debenhams came in below expectations as Britain’s second biggest department store group found snow “severely disrupted” trading in the first half. The retailer said it now expected pretax profit for the 26 weeks to 2 March to be around £120 million, well under analysts’ consensus expectations of around £130 million.
Mike Ashley in talks with Don McCarthy over House of Fraser sale Thursday, 13th December 2012
House of Fraser’s executive chairman Don McCarthy is reported to be involved in talks with a number of interested buyers for the department store, including Sports Direct and its owner Mike Ashley. According to the Guardian, McCarthy would not comment on speculation surrounding the sale, but insisted he would look after the interests of the shareholders.
Debenhams CEO in line for £300,000 bonus Tuesday, 20th November 2012
Debenhams' Westfield store. Michael Sharp, chief executive of Debenhams, is set to receive a one-off bonus in excess of £300,000 after a period of strong trading at the department store, which saw pre-tax profit rise 4.2 per cent in the year to 1 September. According to the Telegrah, the Debenhams’ remuneration policy would usually entitle Sharp to receive shares worth £923,000, or 150 per cent of his salary, but the chief executive will in this instance be awarded with shares worth £1.23 million, equivalent to 200 per cent of his annual salary.
British high street stalwarts face competition from US newcomers Tuesday, 23rd October 2012
High street stalwarts Next, Marks & Spencer and Debenhams may have to face off serious competition from US apparel retailers looking to the UK to reel in extra profits, according to the Guardian.
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