Debenhams upbeat on trading
Department store chain Debenhams today delivered an upbeat trading statement and said there were signs that conditions in the retail market were improving.
In the retailer’s first update since its return to the market in May after an absence of two years, Debenhams said sales for the year to September 2 rose by 6.6% compared with last year. Like-for-like sales rose by 0.5%.
Chief executive Rob Templeman said: “We are pleased with our performance and remain well placed as we enter the new financial year.
“Although as widely reported, the retail market was challenging in the early part of the summer, there are signs that trading conditions are improving."
