Tuesday, September 18, 2012
Debenhams puts rivals in shade with sales rise
LONDON - Debenhams, Britain's No. 2 department store group, showed its resilience to weak market conditions, posting an acceleration in underlying sales growth this summer when rivals, including Next, saw a drop off in trade. DebenhamsWith Britain in recession many retailers have been finding the going tough as disposable incomes are squeezed by government austerity measures and with wages growth not keeping up with rises in prices. Debenhams has bucked the gloomy trend, helped by its breadth
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