Department store chain Debenhams reported annual profits down by 44% at £59m.
Same-store sales in physical outlets were flat, but mobile sales are growing fast and were up by 57%.
Sales of beauty products, accessories and food and drink helped to offset what was a weak clothing market, Debenhams said.
Food sales in its cafes and restaurants were one of the better performers.
The company said in April that it would close 11 warehouses and put up to 10 stores under review.
The company is also slimming down its in-house brands.
Oldham commercial solicitor
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John Porter
John has been with Wrigley Claydon for over 20 years, becoming a partner in 1995. Specialising in Employment Law, John helps clients with matters including the preparation of recruitment policies and employment contracts as well as advocating in employment tribunals in cases of unfair dismissal or discrimination.
He also has considerable experience of dealing with landlord and tenant disputes and matters relating to business and company sales, commercial investment property transactions and lettings as well as residential estate and offshore property developments.
“I know I’ve done a good job when the business doesn’t need me!”
John is never happier than when spending time with his wife and 2 children, Lucy and Alex. John is Chair of Respect Our Community Awards (ROCA) and a board member of First Choice Homes Oldham. In his spare time, John is likely to be found either reading, cooking or walking Donnie the Golden Retriever.
Latest posts by John Porter (see all)
- 5 Steps to consider before buying or leasing commercial property - 13th September 2023
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- Talk over sale of Newcastle Utd as owner Ashley meets investment firm - 22nd December 2017
- GVC gambles on Ladbrokes Coral takeover - 15th December 2017
