Debenhams has reported that despite “uncertain trading conditions”, group like-for-like sales increased a smidge by 0.2% in the third quarter and 0.7% leading to the 41 weeks for the same date, whilst online sales rose 7%. However, the department store also posted a 1.6% decrease in like-for-likes to the 15 weeks to 11th June.

Michael Sharp, chief executive commented that Debenhams was “holding its own” in a difficult clothing market, adding "In response to more uncertain trading conditions in this period, particularly in clothing, we have focused on managing stock and margins and generating cash."

Mr Sharp also noted that shoppers spending habits have changed as they prefer to spend their money on holidays and eating out, but Debenhams are planning to add further food and drink concessions including Costa Coffee and Patisserie Valerie to its stores by Christmas.

Sharp concluded: “I am confident that I am leaving the business in the hands of a very strong management team, who will continue to execute our strategy and support our new CEO, Sergio Bucher, through the next phase of Debenhams’ development. Our wide product choice, clear destination departments and improving service proposition gives us a strong platform from which to deliver long term sustainable growth.”

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