It has been reported that British retailer Debenhams is well on its way to deliver its full year results which are in line with expectations. However, Debenhams said that its customers are still “cautious in their spending”. Chief executive, Michael Sharp said: “We have made good progress on our strategic priorities, and remain on track to deliver results in line with market expectations. During this period we have continued to focus our promotional activity around the events Debenhams is famous for; we have made further improvements to our multi-channel proposition, including more competitive delivery charges; we have commenced further space trials with a number of exciting new partnerships; and have seen continued progress in our international operations, with another strong performance from Magasin.”
Debenhams have also reported that to improve the company further, they have agreed concession trials with food partners such as Chi Kitchen and Patisserie Valerie to join its other partnerships with companies such as Costa Coffee, Monsoon, Sports Direct and Jack & Jones.
New stores will also be opening in the UK this year in Wandsworth, Beverley, Bradford, Newport and Rugby.
