Debenhams reports increase in Profits

The store says profits beat market expectations, compared with figures of £102.2m during the same period in 2009.
The results are for the 26 weeks ending on February 27, 2010.

Chief executive Rob Templeman said: “Throughout the last 18 months of recession, Debenhams has consistently achieved growth in sales, margins and trading profits.

“We believe that the work to improve our own-bought ranges, including Designers at Debenhams, both in terms of product design, quality and value and increasing the own bought mix will continue to find favour with customers and provide a solid platform for margin expansion and market share growth,” he added.

The boost to figures could also have been helped by the opening of four new stores and the acquisition of Denmark’s leading department store chain Magasin du Nord.