Redundancy costs hit Debenhams

Redundancy costs totalling €1.1m contributed to the Irish arm of UK fashion retailer Debenhams recording pre-tax losses of €6.1m last year, data shows.

According to accounts just filed by Debenhams Retail (Ireland) Ltd, revenues at the firm dipped by 2% from €169.8m to €166.4m in the 53 weeks to the end of Sept 3, 2011.

Debenhams operates 11 department stores across Ireland, the majority of which it acquired from Roche Stores in 2006.