Debenhams Returns to Profit for First Time in Five Years
British fashion retailer Debenhams reported a profit on Friday and expects further cost cuts as its turnaround plan gathers pace.
British fashion retailer Debenhams, listed on the LSE as DEBS and also known as boohoo, reported a profit on Friday, marking its first profitable result in five years. The retailer expects to make further cost cuts as its turnaround plan progresses. The exchange rate was $1 = 0.7468 pounds.