HAS DEBENHAMS WEATHERED THE RETAIL STORM?

 
Kasmira Jefford
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BETHANY HOCKING INVESTEC
We turned buyers of Debenhams last week, given the transformation that the company has undergone, increasing cash returns to shareholders and significant growth avenues...This potential is not reflected in the share price.

JOHN STEVENSON PEEL HUNT
Debenhams has announced a strong third quarter interim statement. Forecasts remain unchanged for now as sales outperformance is offset by lower gross margins at this stage...we reiterate our ‘buy’ stance.

KEITH BOWMAN HARGREAVES LANSDOWN
Although a solid rather than exciting update, management’s reputation for generating steady growth is further enhanced... The contrast with larger rival M&S is notable, with analysts rewarding shares with a ‘buy’ rating.