Debenhams Forum

Beaufort note out this morning on Research Tree.. "Debenhams performed poorly in the 41 weeks to 11th June 2016. The company witnessed weak growth in the transaction value amid difficult trading conditions in the UK. Debenhams remained focussed on cost management and expects costs to be in the lower range of its guidance. The company recorded solid online sales growth of 9.1% for the year to date. International online sales continued to grow well, supported by its new web platform. The company continued with the roll-out of new food concessions, with an additional 30 offers in place by October. Nonetheless, the trading environment for clothing remains challenging. Moreover, Debenhams lowering the gross margin for the year is disappointing news."

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