June 19, 2018 / 6:15 AM / 3 months ago

UK's Debenhams warns on profit again, blames weak market

LONDON, June 19 (Reuters) - British department store Debenhams warned on profit again on Tuesday, blaming poor trading on increased competitor discounting and weakness in key markets.

The firm said it is now forecasting a pretax profit for the 2018 financial year of 35-40 million pounds ($46-$53 million) compared to current market expectations of 50.3 million pounds.

Debenhams said group like-for-like sales fell 1.7 percent in the 15 weeks to June 16.

$1 = 0.7547 pounds Reporting by James Davey, Editing by Paul Sandle

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