By John Glenday

British department store Debenhams has reported flat sales growth in the third quarter as the retailer struggles to gain market share from market leader John Lewis.

This represented a significant slowdown of the 1.3 per cent growth achieved in the second quarter, although this was flattered by a one per cent boost from a shift in a key sales period.

Despite this lacklustre performance Debenhams remains on course to meet expectations for £111m in pre-tax profits in its full year results, compared with £110m the year before.

Paul Thomas, of retail consultancy Retail Remedy, said: “Debenhams’ sales, much like its image, are stuck Read full story ›

Source: The Drum