Debenhams reports interim results
Concerns over sluggish consumer confidence will be back in the spotlight on Tuesday when high street department store Debenhams reports interim results.
The chain disappointed in January when it said that like-for-like sales in the 19 weeks to January 11 had risen by 2.8%. Fund manager Gerrard’s expects the like-for-like figure for the half-year to come in at around 2%.
But there are hopes for improved margins with costs and stock levels likely to have been under tighter control.
Gerrard’s is looking for pre-tax profits to come in at around £93.1m (€135.9m) - just £1m (€1.46m) ahead of last year.
