Debenhams (DEB) has had a solid end to the year, leaving like-for-like sales up 2 per cent over the entire period, according to a trading update released ahead of its full-year results next month.
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Much of that revenue growth was driven by a 46 per cent jump in online sales and reasonable trading over the summer months. Debenhams also gained or maintained market share across all categories, with notable improvements in womenswear and beauty. Overseas, the franchise stores performed well in the second half, following a number of store closures in the first, while Magasin du Nord delivered like-for-like sales growth of 7 per cent, albeit from a low base.
