Jan 4, 2018

Debenhams hit by 'volatile' trading

Department store chain Debenhams has reported a fall in sales over the key Christmas trading quarter, amid a "Volatile and competitive" market. The retailer said like-for-like sales in the UK fell 2.6% in the 17 weeks to 30 December. Debenhams said trading improved over the six-week Christmas period thanks to "Tactical promotional action", with like-for-like sales up 1.2%. But it said the first week of the post-Christmas sale was below expectations. Debenhams said that if current trading conditions continued, it expected pre-tax profits to be between £55m and £65m this year.

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