Debenhams sales beat expectations in Christmas period

LONDON (Reuters) - Debenhams, Britain's No.2 department store chain, posted higher than expected sales in the last 19 weeks, driven by strong Christmas trading and growing online shopping.

Debenhams sales beat expectations in Christmas period

(Reuters)





The company said on Tuesday that like-for-like sales for the 19 weeks to 9 January were up 1.9 percent, beating analyst expectations for them to rise 0.3 percent.

During the Christmas week, the retailer's last under outgoing chief executive Michael Sharp who will leave some time this year, the retailer said it achieved record sales.





(Reporting by Sarah Young; editing by Sarah Young)


Share

1 min read

Published

Source: Reuters



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world