Debenhams PLC (DEB.L)
24 Jan 2017
LONDON Marks & Spencer (M&S) soundly beat forecasts for Christmas trading with its first quarterly increase in clothing and homeware sales in nearly two years, delivering a welcome boost for new boss Steve Rowe.
* First market share gain for full-price clothing in seven years
LONDON (Reuters Breakingviews) - Full-priced fashion is the new black. Strong pre-Christmas sales at UK retailers Marks & Spencer and Debenhams show efforts to wean customers off promotions are paying off. Fewer discounts should translate into better margins. But the temptation to hoist the “sale” signs may return as inflation and weaker growth squeeze British consumers.
LONDON, Jan 12 Debenhams, Britain's No.2 department store chain, grew sales over its Christmas trading period, as customers bought more make-up, fragrances and lingerie, showing a strategy to shift away from fashion sales was working.
LONDON, Jan 12 Debenhams, Britain's No.2 department store chain, posted a 5 percent rise in like-for-like sales in the seven-week Christmas period, buoyed by a plan to sell more beauty and gift products rather than clothing.
Britain's three quoted major supermarkets are expected to report this week that they enjoyed solid Christmas trading, though investor concern about a potential squeeze on consumer spending in 2017 means the focus is on their outlooks.
Nov 14 Cosmetics maker Estee Lauder Cos Inc agreed to buy makeup brand Too Faced for about $1.45 billion in its biggest-ever deal, adding products such as Better than Sex mascara and Melted Matte lipsticks that are popular among millennials.
* FY profit up 0.5 pct at 114.1 mln stg, in line with forecasts
LONDON, Oct 27 Debenhams, Britain's second-largest department store group, said annual profit inched up 0.5 percent as it struggled to grow in a tough retail environment in 2016.
** Sharp sell-off in Debenhams on Monday amid Morgan Stanley concern over possible material pension deficit