independent

Sunday 20 April 2014

Sales boost means Debenhams will make year profit forecasts

Ossie Clarke 'Liberty' dress in teal, €71.60, Debenhams; Blaithin Ennis cuff, €150, Kilkenny Shop, Nassau Street; Pearl box clutch, €85, gold sandals, €85, both Coast

DEBENHAMS will meet forecasts for 2012-13 profit as sales growth picked-up in its fourth quarter, Britain's second biggest department store group said today.

The 200-year-old firm, which trails employee-owned John Lewis by annual sales, said sales at stores open over a year rose 2pc in the year to August 31.

That compares with a flat outcome in the 16 weeks to June 22, its fiscal third quarter, and was in line with analysts' forecasts.

Prior to the update analysts were on average forecasting a full year pretax profit of about £153m, down from £158.3m in 2011-12.

Forecasts had been cut after a profit warning in March that was blamed on January snow.

Reuters

Also in this Section

Classifieds

CarsIreland

Independent Shopping.ie

Meet, chat and connect with
singles in your area

Independent Shopping.ie

Meet Singles Now

Findajob

Apps

Now available on

Top Stories

Most Read

Independent Gallery

Your photos

Send us your weather photos promo

Celebrity News