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Debenhams

  • Debenhams looks to shore up investor panic with unveiling of its ‘store of the future’

    September 24, 2018

      Debenhams is gearing up for the unveiling of its “store of the future” later today, as the beleaguered retail giant looks to reassure both shoppers and investors after a challenging summer. The department store chain is also expected to reveal more details of its turnaround plans at the event in Watford today, having denied [...]

  • Cath Kidston to review UK store locations in bid for higher footfall

    September 19, 2018

    Fashion retailer Cath Kidston is reviewing the locations of its UK stores as it looks to move to destinations that attract higher footfall. The brand, which has 65 stores across the UK including pop-ups and concessions, is reviewing individual branches as leases come up for renewal at which point it will consider whether to relocate the store to a [...]

  • Sports Direct denies reports Mike Ashley may block sale of Debenhams’ Danish arm Magasin du Nord

    September 16, 2018

    Sports Direct have this evening denied reports its boss Mike Ashley is attempting to block a sale of Debenhams' Danish business Magasin du Nord.  Reports suggested Ashley had threatened to halt the £200m of the business by Debenhams, in which he already has a 30 per cent stake, in the hopes of forcing the business into [...]

  • Why John Lewis’ price promise won’t deliver profits

    September 14, 2018

    Retail bellwether John Lewis reported a 99 per cent drop in profits yesterday in what one analyst labelled a moment as significant as the fall of the Roman empire, as far as the struggling high street is concerned. The middle-class favourite’s profit before one-off items slumped to £1.4m in the six months to 28 July [...]

  • Debenhams share price falls as House of Fraser merger talk is dampened

    September 13, 2018

    Shares in Debenhams fell by five per cent this morning, wiping out most of the gains made yesterday amid speculation that Sports Direct could merge the struggling retailer with House of Fraser. Read more: Sports Direct board 'mulled Debenhams and House of Fraser merger' The comments were made by an outgoing board member at the [...]

  • Mike Ashley must end the Sports Direct clowning if he is to be the high street’s hero

    September 13, 2018

    Emptying his pockets of wads of £50 notes at a security check, telling a select committee about vomiting in a fireplace at board meetings – Sports Direct boss Mike Ashley is clearly not afraid of theatre. Against type, he has now chosen to play the part of white knight of the high street, but yesterday’s [...]

  • Debenhams share price edges up after reporting better than expected results

    June 25, 2015

    Struggling department store Debenhams has had a better-than-expected quarter, but with the share price up just a notch it seems investors are still unsure.    The figures Debenhams' like-for-likes were flat for the 15 weeks to 13th June, and up 0.9 per cent for the 41 weeks – ahead of analyst expectations of a decline [...]

  • Sports Direct’s put options in Debenhams are starting to expire – but did Mike Ashley’s bet pay off?

    April 30, 2015

    Sports Direct's put options are starting to expire. The question on everyone's lips is, did Mike Ashley's bet pay off? The retailer, which first took a punt on the struggling department store in 2014, has gradually increased its stake in Debenhams to 16.6 per cent back via a series of put options. A put gives [...]

  • Debenhams share price rises on surprise profit rise ahead of forecasts

    April 16, 2015

    The figures Pre-tax profits at Debenhams were up 4.3 per cent to £88.9m during its first half, ahead of analysts expectation of profits remaining flat on last year's £85.2m. Group statutory revenue was up 1.6 per cent to £1.3bn. Group like-for-like sales were up 1.3 per cent for the 26 weeks to 28 February. The retailer also [...]

  • Debenhams bolsters board with appointment of Terry Duddy as a non-executive director

    April 10, 2015

    Debenhams is looking to bolster its board by appointing veteran retailer Terry Duddy as a non-executive director, as it tries to improve its fortunes after years of underperformance. Duddy was chief executive of the Home Retail group until March last year and is chair of the retail trust. Until 2006 he was chief of Argos, [...]

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