Debenhams Plc

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  • 60.85p
  • 0.85p (1.42%)

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Debenhams share price soars as H1 profits beat expectations

Debenhams share price soars as H1 profits beat expectations

Shares in Debenhams have soared in morning trade with the company’s half-year profits surpassing market expectations.

April 2015

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About Debenhams Plc

Debenhams plc (LON:DEB) is a United Kingdom-based holding company retailing men's, women's, and children's fashion clothes and accessories, cosmetics, home furnishings, electrical appliances, gifts, toys, flowers and garden products.
The company operates through department stores in the UK, Ireland and Denmark and international franchise stores. Stores in Denmark trade under the Magasin du Nord brand, the Danish department store group that Debenhams acquired in 2009. Irish stores are operated by Debenhams Ireland, a subsidiary of Debenhams plc.
Debenhams’ customers can also shop through catalogues and by telephone. Debenhams is also available online in 70 countries and is the 11th biggest UK online retailer by traffic volume. In the UK, Debenhams has a top four market share in womenswear and menswear and a top 10 share in childrenswear. Debenhams has nearly 29,000 employees. The company offers a combination of own brands, international brands and concession brands. Own brands comprise Red Herring, Mantaray, Maine New England, Debut and Bluezoo.
The company was first listed on the London Stock Exchange in 1928. The business was launched as a drapers' store in London by William Clark in 1778. In 1813, William Debenham became a partner and the company was renamed as Clark & Debenham. The modern Debenhams group has grown from the acquisition of department stores throughout the UK.

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