Debenhams profit ahead of last year
Debenhams has announced that first-half profit will be ahead of last year.
Gross transaction value for the 26 weeks ended 28 February 2009 was 0.3% higher than the prior year despite challenging trading conditions across the retail sector. Excluding VAT, like-for-like sales for the period were 3.6% lower than last year.
Commenting on the first half, Rob Templeman, CEO of Debenhams, said: ‘We are pleased with our performance during the first half of the year given the extremely difficult trading conditions experienced across the high street. We have continued to grow our top line and to take market share as consumers increasingly recognise the great value in terms of quality, price and design that our products and especially Designers at Debenhams deliver.
