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Debenhams PLC (DEB.L)

DEB.L on London Stock Exchange

29.00GBp
23 Feb 2018
Change (% chg)

0.20 (+0.69%)
Prev Close
28.80
Open
29.88
Day's High
29.88
Day's Low
28.70
Volume
2,471,297
Avg. Vol
5,831,679
52-wk High
55.60
52-wk Low
26.06

Latest Key Developments (Source: Significant Developments)

Debenhams Cutting 320 Jobs In Store Management Shake-Up - Sky News ‍​
Thursday, 8 Feb 2018 02:54am EST 

Feb 8 (Reuters) - :DEBENHAMS CUTTING 320 JOBS IN STORE MANAGEMENT SHAKE-UP - SKY NEWS ‍​.  Full Article

Debenhams says no plans to close more stores
Thursday, 4 Jan 2018 03:28am EST 

Jan 4 (Reuters) - Debenhams ::CFO SAYS NO FURTHER PLANS TO CLOSE MORE STORES THAN 10 ALREADY ANNOUNCED.CEO SAYS CUSTOMERS "CAME LATER TO CHRISTMAS", SAYS COMPANY HELD GROUND IN CLOTHING.CEO SAYS IN HINDSIGHT GIFTING CATEGORY NEEDED TO BE MORE "PREMIUM".CFO SAYS NET DEBT NOW MAY BE SLIGHTLY HIGHER, BUT HAS NO CONCERNS ABOUT BALANCE SHEET.CFO SAYS WILL TAKE ANOTHER LOOK AT STORE PORTFOLIO AT HALF YEAR, FULL YEAR STAGES.CFO SAYS NO CHANGE TO INVESTMENT PLANS.CFO SAYS WILL REVIEW CENTRAL FUNCTIONS TO DELIVER FURTHER 5 MILLION STG OF SAVINGS.  Full Article

Debenhams says trading director Suzanne Harlow to step down
Thursday, 7 Sep 2017 06:37am EDT 

Sept 7 (Reuters) - Debenhams Plc :SUZANNE HARLOW, GROUP TRADING DIRECTOR, WILL STEP DOWN FROM BOARD AND INTENDS TO EXPLORE NEW OPPORTUNITIES ELSEWHERE.SUZANNE HARLOW WILL LEAVE BUSINESS ON 20 TH OCTOBER 2017.‍BUSINESS IS CREATING THREE NEW BUSINESS UNITS: FASHION AND HOME; BEAUTY AND BEAUTY SERVICES; AND FOOD AND EVENTS​.A NEW EXECUTIVE COMMITTEE MEMBER RESPONSIBLE FOR FASHION AND HOME IS EXPECTED TO BE APPOINTED IN DUE COURSE.‍AS A RESULT OF MAIN BOARD ROLE OF GROUP TRADING DIRECTOR WILL NO LONGER EXIST​.  Full Article

Debenhams says May a poor month, some recovery in June
Tuesday, 27 Jun 2017 02:56am EDT 

June 27 (Reuters) - Debenhams :Trading director says May was a poor month, some recovery in June.CEO says will update in October on real estate strategy/store closures.FD says fully hedged to Aug 2017 at $1.50/pound, mostly hedged to Aug 2018 at $1.30/pound.  Full Article

Debenhams says unit, Debenham Flowers hit by cyber attack
Friday, 5 May 2017 03:45am EDT 

May 5 (Reuters) - Debenhams Plc ::Ecomnova ltd, company that owns and operates flower and gifting website including Debenhams Flowers, has suffered a cyber attack.Taken immediate steps to minimise risk to customers affected and made contact with all those customers whose data has been accessed.Incident has only affected customers of Debenhams Flowers.Customers of Debenhams.com site are not affected.Working with Ecomnova and all relevant authorities to investigate this attack.  Full Article

British Land sells Debenhams store on Oxford Street
Thursday, 7 Jul 2016 11:45am EDT 

British Land Company Plc : Has exchanged contracts for sale of 334-348 Oxford Street, London to a private investor for £400 million . Building is let in its entirety to Debenhams until 2039 . Has exchanged on £99 million of further retail disposals since 31 March 2016, including £79 million of superstores, 3.1% ahead of March valuations . Transactions bring total retail disposals since year end to £499 million . Since EU referendum, co has exchanged 11 long term retail leases totalling 50,000 sq ft and £2.1 million of rent on terms agreed prior to referendum .In aggregate these lettings are 4.7% ahead of March 2016 ervs; a further 210,000 sq ft of retail lettings are under offer.  Full Article

Debenhams says Irish unit applied for appointment of interim examiner
Thursday, 12 May 2016 09:05am EDT 

Debenhams Plc : Restructuring of Irish business . Directors of unit Debenhams Retail (Ireland) have applied to high court in Dublin seeking appointment of an interim examiner . Debenhams (Ireland) applied for examinership with aim of restructuring operations to create competitive and sustainable business in Ireland .Decision reflects disproportionately high operating costs, such as above-market rents and other overheads..  Full Article

UPDATE 1-UK's Debenhams to cut 320 store management jobs

LONDON, Feb 8 Department store Debenhams said on Thursday it plans to cut 320 in-store management roles, following several other British retailers who are shedding staff to cut costs.