UK department store chain Debenhams has posted profit growth after embarking upon a strategy of designer-based product development, space expansion, store investment and supply chain initiatives

The company reported a 254.7 per cent pre-tax profit rise to £101.1 million for the 13 weeks ended 26 February, with a 5.7 growth in turnover to £594.8m.

For the 26 weeks ended the same date, Debenhams saw pre-tax profit increase 269.5 per cent to £162.2m on turnover of £1.113bn.

Chief executive Rob Templeman said that the company's purchase of eight of bankrupt rival Allders' stores as well as store refurbishments had been "further steps forward" in the company's store opening and development plan.

The company said that all product categories had seen good growth, with Designers at Debenhams ranges performing especially well.

Debehams is spending £18m on refurbishing the newly acquired Allders stores.