Debenhams sales hit by 'Beast from the East'


Debenhams

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Reuters

Debenhams has reported another slide in profits and sales after freezing weather in late February temporarily closed 100 stores in the UK.

The struggling department store chain said like-for-like sales fell by 2.2% in the 26 weeks to 3 March amid a “challenging” UK market.

Debenhams said the cold weather reduced sales by about 1% in the period.

Chief executive Sergio Bucher said it had “not been an easy first half”, as pre-tax profit plunged 84% to £13.5m.

In February, Debenhams said it planned to cut 320 store management jobs in an attempt to cut costs after disappointing Christmas trading resulted in a profit warning.



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