Trading Statement
14 Janvier 2003 - 8:00AM
UK Regulatory
RNS Number:1063G
Debenhams PLC
14 January 2003
Embargoed @ 07.00 Tuesday 14 January 2003
Debenhams plc - Trading Statement
During the 19 weeks to Saturday 11 January 2003 total sales were up 4.8%, like
for like sales were up 2.8% and the gross margin was up 0.2%.
Belinda Earl, Chief Executive of Debenhams plc, commented:
"We are pleased to report positive sales growth since the beginning of the
financial year against strong comparatives last year. This performance
demonstrates that our strategy to give customers value for money across a unique
choice of brands and products continues to deliver resilient results.
We achieved good sales growth in the key Christmas trading period particularly
in gifts, cosmetics, accessories, young fashion and Designers at Debenhams.
Despite heavy pre-Christmas discounting on the high street, we started our Sale
as planned on 26 December 2002 and it has had an encouraging start.
Looking forward, we remain cautious about the economic outlook for the UK
consumer."
As previously advised, we will publish our Interim Results on 15 April 2003.
For further information, please contact:
Matthew Roberts Finance Director
020 7408 3229
Joanna Lane-Jones Head of Corporate Communications
020 7408 3459
Kirstie Hamilton Tulchan Communications
020 7353 4200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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