mo4ch:>Debenhams issues profit warning - Mo4ch News

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Tuesday, June 19, 2018

mo4ch:>Debenhams issues profit warning

Debenhams issues profit warning








  • 19 June 2018










Debenhams storeImage copyright
Reuters



Debenhams has warned that its full-year profits are expected to fall below expectations, adding to the chorus of retailing woes.

The department store blamed "increased competitor discounting and weakness in key markets" for the profit shortfall.

It said pre-tax profits for the full year would come in between £35m and £40m, below estimates of £50.3m.

Chief executive Sergio Bucher pointed to "exceptionally difficult times in UK retail".

"We don't see these conditions changing in the near future," he added.




Source : BBC News - Business

Debenhams issues profit warning


Debenhams issues profit warning

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