
Department store group Debenhams forecast a further rise in profit margin in 2010 despite the tough economic outlook as it posted a small rise in sales and a profit increase in the run-up to Christmas.
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Department store group Debenhams forecast a further rise in profit margin in 2010 despite the tough economic outlook as it posted a small rise in sales and a profit increase in the run-up to Christmas.
SuperGroup, the British fashion group considering a stock market flotation this year, reported a 29 percent rise in like-for-like sales for the five weeks to Jan. 3, adding to signs of a strong Christmas for retailers.
Britain's second-largest department stores chain, Debenhams, said it was considering acquisitions, while forecasting full-year profit in line with its previous expectations.
Department store group House of Fraser posted a 16 percent increase in first-half profit and said trading was continuing to pick up, providing further evidence the recession may be nearing an end.
British department stores group House of Fraser denied on Tuesday 16 June it was considering selling any of its stores and said it was trading ahead of its expectations, with sales growth in the last 12 weeks.
High street retailer Marks & Spencer lost market share in the clothing sector during the month of February, the Daily Telegraph newspaper reported, citing industry figures.
The British unit of Icelandic investment group Baugur, which owns stakes in a large number of UK high street retailers, was on Friday placed into administration.
Icelandic holding company Baugur, which has major retail interests in Britain, said on Wednesday it had applied for court protection after restructuring talks with its lenders failed."This morning Baugur .
Europe's shoppers are focusing on cheaper goods and essentials, despite policymakers' best efforts to boost spending, resulting in the best ever Christmas for British supermarket group J. Sainsbury, but hitting specia...
John Lewis Partnership, the employee-owned store chain seen as a barometer of the retail sector, said on Friday last week's sales at its 27 department stores fell 9.8 percent year on year.