Debenhams reports profit growth showing the retailer had a strong start to the year.Their half-year financial report today (April 13th) shows strong profits, company growth and retail jobs being created. The retailer announced that pre-tax profits in the 26 weeks to February 27th 2010 were up by 18.6 per cent to £123.6 million, while like-for-like sales grew by 0.3 per cent.More than 400 retail jobs were created in this period thanks mainly to four new stores opening over the six months. Chief Executive Officer (CEO) Rob Templeman, said: “Throughout the last 18 months of recession, Debenhams has consistently achieved growth in sales, margins and trading profits.” After John Lewis’ positive news this is a good indicator of Department store retail success…Are licensed product sales up anyone?
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Debenhams-Retail Performance Indicator 13 April, 2010
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