Debenhams Plc

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UK: Laura Ashley takes another stake in Moss Bros | 11 Jan 08

British fashion and furnishings retailer Laura Ashley has bought another stake in UK men’s wear chain Moss Bros.

UK: Debenhams' shares soar on Milestone investment | 18 Dec 07

Debenhams' shares rose 8.28% today (18 December), fuelled by takeover speculation after investment group Milestone Resources bought a stake in the UK department store chain last week.

UK: Debenhams FY profit up 13%, sees strong start to 2008 | 23 Oct 07

Debenhams Plc, the UK’s second largest department store chain, today (23 October) hinted that its recent struggles could be nearing an end after like-for-like sales in the first seven weeks of its financial year rose 2.1%.

UK: Debenhams FY same-store sales slip 5.1% | 18 Sep 07

Department store group Debenhams has reported like-for-like sales down 5% in a trading update on full-year 2007, as the company finds its way through store refurbishments.

ICELAND: Retail group Baugur rules out Debenhams takeover | 20 Jul 07

Icelandic retail group Baugur says it has no intention of raising its investment in UK department store operator Debenhams.

UK: Debenhams looking for European investment - papers | 2 Jul 07

Department store chain Debenhams has made approaches to European retailers for investment reported UK press.

UK: Stretchline takes over Finden business | 22 Jun 07

Stretchline, the UK supplier of hook and loop fastener tapes, elastics, webbing and plastic buckles, has bolstered its Stay4Sure line through the acquisition of Finden Coatings.

ICELAND: Baugur Group stalking Debenhams? | 15 Jun 07

Icelandic retail group Baugur Group, which already owns House of Fraser and Goldsmiths, has indicated that UK chain Debenhams cannot be ruled out as a takeover target.

UK: Fashion retailers to benefit from town centre growth | 14 Jun 07

Clothing retailers including New Look, River Island, Primark, H&M and Zara are expected to be among the main beneficiaries of new shopping centre space due to open in the UK over the next few years.

UK: Baugur investment firm Unity takes 5% Debenhams stake | 13 Jun 07

UK retailer Debenhams has sold a 4.87% stake to Unity Investments and Unity One, an investment vehicle part-owned by Icelandic retail group Baugur.

Clothing firms cash in on the United Arab Emirates | 1 Jun 07

The clothing market in the United Arab Emirates (UAE) is experiencing stellar growth on the back of rising consumer spending, a surge in tourists, and 145% growth in retail space as new malls and shopping centres spring up. Paul Cochrane reports from Dubai.

CHINA: Ever-Glory Q1 profit jumps 71% | 15 May 07

The recent purchase of New-Tailun Garment and the addition of extra production capacity have helped apparel manufacturer Ever-Glory International Group Inc has to a 70.8% jump in first quarter profits.

UK: Debenhams warns FY profit likely to miss estimates | 17 Apr 07

Department store retailer Debenhams Plc has warned that worsening sales and “difficult” market conditions mean its full-year profit is almost certain to be below expectations.

CHINA: Ever-Glory sets up in-house fabric testing centre | 5 Apr 07

Casual and sportswear manufacturer Ever-Glory International Group Inc has requested national accreditation of its state-of-the-art fabric and accessories inspection and testing centre.

UK: M&S targets Tesco clothing boss | 2 Apr 07

Marks & Spencer could poach the head of clothing at rival retailer Tesco, Terry Green, who has bolstered apparel lines during his tenure at the UK’s number one supermarket.

UK: Mkone to stop sourcing clothes from Burma | 21 Mar 07

UK value clothing retailer Mkone has pledged to stop sourcing clothes from Burma after an action group threatened to launch a boycott campaign against it.

UK: Debenhams sales woes continue in first-half | 16 Mar 07

Sales continue to slide Britain's second-largest department-store retailer, Debenhams Plc, as the impact of unseasonally warm weather and improved offerings from rivals such as Marks & Spencer takes hold.

UK: Debenhams posts same-store sales dip | 16 Jan 07

Shares in department store chain Debenhams have dived after the firm reported a 4% fall in same-store sales for the 19-week period ended 13 January.

UK: Analyst blames Debenhams' discounts for poor trading | 18 Dec 06

Analyst Richard Ratner has suggested heavy discounting at department store Debenhams is the main reason for its current trading problems.

UK: Debenhams reports dire same-store sales | 14 Dec 06

Department store chain Debenhams has warned that current trading remains troublesome after same-store sales dipped 4.7% in the 14 weeks from the start of September.

UK: John Lewis enjoys record weekly sales | 11 Dec 06

Department store chain John Lewis has reported record weekly sales, defeating the generally dismal high-street environment.

UK: IBL signs Admiral deal for US | 8 Nov 06

International Brand Licensing Plc (IBL) has signed a US license deal for its Admiral sports brand with the Axis Group.

UK: Another year of growth for Primark chain | 7 Nov 06

The aggressively expanding Primark chain has notched up another year of strong profits and revenue growth boosted by increased store space, owner Associated British Foods (ABF) said.

UK: Tesco to increase sourcing from Sri Lanka | 27 Oct 06

The UK retailer Tesco says its purchases from Sri Lanka increased by nearly 60% this year and that it is targeting a growth of 40% year-on-year for the next three years.

UK: Alexon, Mosaic extend payment terms | 27 Oct 06

Alexon and Mosaic are the latest fashion retailers to demand extended payment terms from suppliers, a practice that has attracted a barrage of criticism recently.

UK: Debenhams full-year turnover rises | 24 Oct 06

Debenhams has announced that turnover for the full-year 2006 increased 6.6% to GBP2.19bn (US$4.1bn).

IRELAND: Roches workers fear job losses | 3 Oct 06

More than 170 workers have picketed the department store outlet Roches Stores in Wilton Centre, Cork, protesting a delay over the transfer of the store to Marks & Spencer.

UK: Debenhams demands 2% price cut from suppliers | 25 Sep 06

Department store chain Debenhams has written to selected suppliers demanding a 2% cut in prices, according to a report in The Times.

UK: Sales up as Debenhams continues expansion strategy | 18 Sep 06

Retailer Debenhams is set to continue to expand its store roster after delivering a 6.6% increase in sales in the year to 2 September.

UK: Debenhams grows Irish, UK presence | 10 Aug 06

Department store chain Debenhams will increase its presence in the Republic of Ireland after buying nine leasehold stores from Roches Stores. The company also announced future store openings for the UK market.








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