Debenhams on track despite lacklustre third quarter
British department store chain Debenhams said it was on track to deliver full-year results in line with expectations despite seeing no underlying sales growth in its third quarter.
Britain's No.2 department stores chain behind John Lewis said on Thursday sales at stores open over a year were flat over the 15 weeks to June 13, versus analysts' third quarter forecasts which ranged from a drop of two per cent to a rise of 0.5 per cent.
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures