DEB Debenhams

RNS Number:8983X
Debenhams PLC
28 June 2002





Full Company Name:          DEBENHAMS PLC


Date:                    28 June 2002






Debenhams acquires new store




Debenhams plc is delighted to announce that it has acquired a new store in Perth
from House of Fraser plc.


The store has a total trading space of 44,000 sq ft and is located in the High
Street, Perth. Debenhams will trade the rebranded store from late September this
year and plans to modernise the store in early 2003. Debenhams has acquired the
fixtures, fittings and other assets of the store (excluding stock).


All staff currently working in the store, employed by House of Fraser, will be
offered employment by Debenhams.


Debenhams will now open five new stores, during its next financial year, adding
340,000 sq ft of trading space to its existing portfolio. As part of its
continuing new store opening programme a further 350,000 sq ft of trading space
is already committed for opening in financial year 2003/04.


Belinda Earl, Chief Executive, commented:


"We are pleased to be entering Perth and believe the market has significant
growth potential. We will now be opening five new stores next year and this
clearly demonstrates our commitment to accelerate our store opening programme
from our current 97 stores and meet our target of 150. New store openings
provide us with an excellent opportunity to acquire new customers and further
strengthen the Debenhams brand."




For further information:


Analysts:

Matthew Roberts          Finance Director          020 7408 3229


Press:

Martin Leeburn          The Maitland Consultancy     020 7 379 5151






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