Skip navigation

Gloucestershire Business News

Christmas sales down at Debenhams

Debenhams saw sales drop over Christmas, but insists it is still on track to meet full-year profits targets.

For the six-week period ending 5th January, the retailer, which has a store in Gloucester, recorded a 3.4 per cent drop in like-for-like sales, as reported by Retail Gazette.

This compares to a like-for-like sales growth of 2.9 per cent during the Christmas 2017 trading period.

However, the department store chain said weak store footfall was offset by a six per cent growth in online sales.

The figures for the autumn period make even more worrying reading - with a 5.7 per cent fall in like-for-like sales in the 18 weeks to 5th January. UK sales were hit hardest, falling by 6.2 per cent, while international sales fell by 3.5 per cent.

Debenhams said the results are down to tough trading conditions in the UK, but said it still expects to deliver current year profits in line with market expectations. The company said it has a plan to stay competitive and to protect its business for the future.

Punchline said: "Despite Debenhams' optimism, these results don't look good for either Debenhams or Gloucester. Gloucester's store is the last remaining Debenhams in the county and has been a big part of the retail landscape in the city for many years. Debenhams announced last year that it will be closing a number of stores  and it will be a sad day for Gloucester if our store closes. Only time will tell if it is able to escape the cull."

Subscribe to Punchline

Related Articles

Gloucester firm chosen by the Government as an Export Champion Image

Gloucester firm chosen by the Government as an Export Champion

A Gloucestershire success story is being featured in a government advertising campaign as an Export Champion.

Theresa May to resign as Prime Minister Image

Theresa May to resign as Prime Minister

A tearful Theresa May has announced when she will quit as leader of the Conservative Party and Prime Minister

'Best Tall Ships Festival yet will bring millions in to Gloucester' Image

'Best Tall Ships Festival yet will bring millions in to Gloucester'

The head of the organisers says that the 2019 Festival is on track to break records and make millions.

Boots Corner traffic regulations to change... AGAIN Image

Boots Corner traffic regulations to change... AGAIN

Phase Four of the trial will come in to force on June 3, here's what they are changing.

Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.