Articles about debenhams

Debenhams H1 sales up 3.5%
Photo credit: Debenhams Retail plc

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.

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Debenhams braces for sales dip after long winter

Debenhams attributed its poor performance to the recent prolonged winter as it issued a shock profit warning last month.

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Debenhams taps Argos for new e-commerce boss
Photo credit: Debenhams

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.

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Debenhams signs up for Leamington Shopping Park

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.

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Snowfall hits Debenhams’ first-half profit
Photo credit: Debenhams plc

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.

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Debenhams reports record festive sales

Debenhams today reported record festive sales, with a five per cent rise in like-for-like sales against the previous year.

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Mike Ashley in talks with Don McCarthy over House of Fraser sale
Photo credit: My Retail Media

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.

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Debenhams CEO in line for £300,000 bonus
Photo credit: Debenhams

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.

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Debenhams reports full-year profit rise

Debenhams today reported an increase in full year profit in spite of unfavourable trading conditions.

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British high street stalwarts face competition from US newcomers

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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