Exec describes Debenhams' performance as "satisfactory"

Michael Sharp, deputy chief executive at Debenhams, said the department store's first-half performance remained "satisfactory." The comment raised speculation that the company will reinstate its dividend. Debenhams' like-for-like sales declined 1.5% over the half year. Heavy snowfall before Christmas hit sales, while online sales surged 82% over the period.

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Independent (London) (tiered subscription model), The · HousewaresLive.net

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