LONDON (AFX) - Debenhams, the department store group taken private in December 2003, said it traded strongly against the competition in December and January.
"We expect to report increased sales, market share and profits for the three months to the end of February," it said as it published first quarter results.
For the 13 weeks to Nov 27 the retailer -- purchased for 1.72 bln stg by CVC Capital Partners, Texas Pacific Group and Merrill Lynch Global Private Equity -- saw sales increase 8 pct to 518.5 mln stg, with like-for-like turnover up 6 pct.
Trading profit increased 42.8 pct to 57.1 mln stg, while pretax profit was 61.1 mln stg, up from 15.4 mln stg.
"We plan to roll out the refit programme across more stores," said chief executive Rob Templeman.
"This, together with our store opening programme and supply chain initiatives, makes us very confident about the growth potential of the group."
jdd/slm/
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
"We expect to report increased sales, market share and profits for the three months to the end of February," it said as it published first quarter results.
For the 13 weeks to Nov 27 the retailer -- purchased for 1.72 bln stg by CVC Capital Partners, Texas Pacific Group and Merrill Lynch Global Private Equity -- saw sales increase 8 pct to 518.5 mln stg, with like-for-like turnover up 6 pct.
Trading profit increased 42.8 pct to 57.1 mln stg, while pretax profit was 61.1 mln stg, up from 15.4 mln stg.
"We plan to roll out the refit programme across more stores," said chief executive Rob Templeman.
"This, together with our store opening programme and supply chain initiatives, makes us very confident about the growth potential of the group."
jdd/slm/
For more information and to contact AFX: www.afxnews.com and www.afxpress.com