Monday, May 23, 2022

Debenhams cautions UK trading more volatile as sales slide

Debenhams (Frankfurt: D2T.F – news) , Britain’s second-biggest department store, said trading had become more volatile in the second half of the year and warned its 2017 profit could slip towards the lower end of expectations if conditions did not improve.

The retailer, in the middle of a turnaround programme led by new Chief Executive Sergio Bucher, reported a 0.9 per cent fall in group like-for-like sales in the 15 weeks to June 17, its fiscal third quarter.

It said it anticipated that 2017 profit before tax would be within the range of market expectations. However, it said that should current market volatility continue, the outcome could be towards the lower end of the current range.


The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply