Debenhams has reported strong year-end results, showing group sales up by 4.5% and profits up for the third year running by 10.0% to £166.1m. It also announced the acceleration of its store modernisation programme and the opening of nine new stores.
The results, first announced by Debenhams' new chief executive Michael Sharp, buck recent high street…
Department store retailer Debenhams turned the convention of the sale on its head by reducing prices at the start of the Autumn/Winter season, rather than the end of it.
The innovative move sees tens of thousands of new season lines reduced by up to 25 per cent, across new to store stock including womenswear, accessories,…