Home / Knowledge / News / Apparel/Garments / Debenhams like-for-like sales up 3.1% in H1 FY'13
Debenhams like-for-like sales up 3.1% in H1 FY'13
19
Apr '13
Debenhams plc, the leading international, multi-channel brand, announced half year results for the 26 weeks to 2 March 2013.
 
Financial headlines
-Gross transaction value up 3.5%
 
UK up 3.9%
 
International up 1.6%
-Group like-for-like sales up 3.1%
-Group gross margin down 20bps
-Profit before tax down 5.4% at £120.3m
-Earnings per share up 2.7% to 7.6p
-Interim dividend of 1.0p per share
-Long-term share buyback programme ongoing
 
Operational headlines
-Further progress against the four pillars of our strategy to build a leading international, multi-channel brand, supported by disciplined investment in key areas
-Market share gains achieved in clothing and non-clothing product categories
-Strong multi-channel growth with online sales up 46%, now 12.7% of sales
-Continued investment in store modernisations delivering good returns, transformation of Oxford Street into international flagship store on plan
-First Christmas brand advertising campaign for six years achieved our highest ever levels of brand awareness
-New Designers at Debenhams announced: tailor Patrick Grant for menswear and milliner Stephen Jones for women's accessories
 
FIRST HALF PERFORMANCE REVIEW
 We made progress in the first half of the year although snow in the UK during January meant we did not achieve our expected profit before tax outcome.  Gross transaction value of £1,535.1 million was 3.5% higher than last year.  Like-for-like sales grew for the fourth consecutive half, increasing by 3.1%.  We saw positive momentum in market share in key categories, a clear sign of customers' preferences for our brand and product offer.  
 
Our online growth of 46.2% was well ahead of the market with mobile remaining the fastest growing channel.  The 32 stores modernised since 2010 continue to generate good returns and the transformation of Oxford Street into our international flagship is on plan.  Our innovative strategies were recognised with awards for Retail Technology Initiative of the Year and International Growth Initiative of the Year at the Oracle Retail Week Awards 2013. 
 
UK summary
The market was challenging and competitive in the UK throughout the first half.  The high street was highly promotional during the peak Christmas period and we traded the business accordingly.  We recorded our highest ever December sales with like-for-like sales up by 5.0%, aided by our first Christmas brand marketing campaign for six years.  
 

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search