Debenhams unveils turnaround strategy

Department store group Debenhams has announced a turnaround strategy aimed at boosting its appeal as a “destination” shop and improving its online offering.

The plan includes a review of up to 10 of its 165 UK stores for possible closure over the next five years.

A central distribution warehouse and about 10 smaller warehouses could also close.

Debenhams saw half-year pre-tax profits fall by 6.4% to £87.8m.

Its shares fell by 3.5%

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