Debenhams’ Irish stores rack up €7m in losses

The British department store chain Debenhams has said its Irish stores will still be in the red this year, having posted losses of £6 million (€7 million) last year.

The company put its 11-strong Irish chain of outlets into examinership last summer in an effort to slash costs, which included extricating itself from several leases on its shops. It also reduced its headcount by about 100, less than a tenth of its workforce ...