Own bought ranges boost Debenhams

High Street retailer reports half year results for period ending February 27th.
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Department chain store Debenhams has revealed that like for like sales rose by 0.3 per cent in the 26 weeks ending February 27th, while its headline profile before tax was ahead of market expectations at £123.6 million, up 18.6 per cent.

The retailer reported good sales performance from own bought ranges, particularly Designers at Debenhams, while it also made further progress in market share, especially in childrenswear, menswear and home.

Four new stores were opened during the period, while Denmark's leading department store chain, Magasin du Nord, was also acquired. Seven new international franchise stores have opened year-to-date.

"Throughout the last 18 months of recession, Debenhams has consistently achieved growth in sales, margins and trading profits," said chief executive Rob Templeman. "We made further progress in delivering our strategy in the first half and are pleased with our performance."

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