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Companies >
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Debenhams >
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Weak performance has led to greater cost savings

  • 10 Jan 2019

Weak performance has led to greater cost savings


Debenhams (DEB:LON) | 0 0 (-1.1%) | Mkt Cap: 347.0m


  • Whitman Howard
    • Tony Shiret

    • 4 pages

Multiservice Retail image


 
Multiservice Retail image


Debenhams has reported Group LFL sales down 5.7% (same % change at constant currencies) for the first 18 weeks of the year. Within this, online sales grew by 4.6% implying UK in-store sales declined by nearly 10% LFL on our calculation. Market expectation was for Group LFL to decline by 2-3%. DEB’s UK in-store LFL decline was in our view similar to Next’s and worse than M&S’s Clothing & Home in-store LFL which have calculated at minus 6-7%. So Debenhams’ in-sto ....


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Weak performance has led to greater cost savings


Debenhams (DEB:LON) | 0 0 (-1.1%) | Mkt Cap: 347.0m


  • Published: 10 Jan 2019
  • Author: Tony Shiret
  • Pages: 4
  • Whitman Howard


Debenhams has reported Group LFL sales down 5.7% (same % change at constant currencies) for the first 18 weeks of the year. Within this, online sales grew by 4.6% implying UK in-store sales declined by nearly 10% LFL on our calculation. Market expectation was for Group LFL to decline by 2-3%. DEB’s UK in-store LFL decline was in our view similar to Next’s and worse than M&S’s Clothing & Home in-store LFL which have calculated at minus 6-7%. So Debenhams’ in-sto ....



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