When Debenhams (DEB) reports its full-year results to 31 August next week, we'll be looking out for pre-tax profit of £110m and EPS of roughly 7p. The results should also confirm that the improved trading in the third quarter - like-for-like sales were broadly flat and there was a higher level of full-price sales - spilled into the fourth quarter. Management has begun the task of weaning customers off aggressive promotions.
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We'll also be eyeing any announcements on new store openings, and on how Debenhams plans to optimise wasted space across its estate. Already, it has opened new concessions with Sports Direct, which now has an 11.2 per cent stake in the company, and Costa Coffee.
