Debenhams Announces Higher Profits Than Forecasts Predicted

The department store Debenhams has announced profits which are ahead of analysts average forecasts. They have credited the growth to cutting their prices in order to grow market share despite the tough trading environment. Debenhams, which trades from 169 stores in Britain, Ireland and Denmark, and 64 franchised outlets in 25 countries, said sales at stores open over a year, excluding VAT sales tax, were up 0.4 percent in the nine weeks to August 27.

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