The pressure on Debenhams to reset its business grew still further yesterday when the struggling department stores group issued yet another profit warning, its fourth since the start of last year.
It said that a company overhaul that was likely to be “disruptive”, wider economic uncertainty and rising financing costs meant that forecasts issued as recently as January were “no longer valid”.
In an unscheduled trading update, issued 45 minutes later than stock exchange filings are usually released, the retailer also announced a 5.3% slide in like-for-like sales for the 26 weeks to March 2.
Click here for the full Times article (£)
Click here for the full Telegraph article
Click here for the full Independent article
