The department store has been cutting costs but warned that “market volatility” on the high street left it vulnerable PA:Press AssociationDebenhams has warned that if the current market volatility on the high street continues its full-year profits could come in at the lower end of its expectations. The department store retailer, which is in the midst of a strategy shift led by the chief executive Sergio Bucher, gave the downbeat assessment as it reported a 1 per cent drop in total sales and a 0.9 per cent drop in like-for-like sales in the 15 weeks to June 17. Its comparable sales for the 41 weeks to June 17 rose by 1.8 per cent. Debenhams said that although it was finding trading tougher in the second half of its year its key categories of beauty, accessories and food and drink were helping to mitigate some of…

Source: The Times June 27, 2017 07:52 UTC