Debenhams Warns of Volatile Trading

Tuesday, June 27, 2017

The department store Debenhams has warned that trading will become volatile during the second half of the year, as it reported difficult trading conditions, and said that it expected to see sales slide.

The retailer is in the middle of a turnaround programme being led by their new chief executive, Sergio Bucher, and it reported that in the 15 weeks leading up to June 17, it had seen a 0.9 percent fall in like for like sales.

The company expects that 2017 profits before tax will be within the range of market expectations, however it also expects that if current market volatility continues, then the outcome could be more towards the lower end of that range.

The update is the first since April, which was when Bucher outlined...

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