Debenhams' 7% profit fall
Debenhams is likely to be the latest high-street name to blame the prolonged winter for heavy clothing discounts, following its shock profit warning last month.
The department store chain blamed two weeks of heavy snow for lowering annual profit expectations in early March and the mercury has stayed below seasonal norms since then.
Marks & Spencer last week warned of a "dramatic" increase in high-street price cuts as consumers shun summer clothes.
Debenhams has pointed towards a 7 per cent fall in pre-tax profit to £120m over the half-year to March. Its chief executive Michael Sharp will strike a more upbeat tone about its latest TV campaign that launches tomorrow. The "Life Made Fabulous" advertisement will feature more of its exclusive designers, including John Rocha, Sadie Frost and Jemima French. Milliner Stephen Jones will be making his first appearance.
- 2 David De Gea transfer collapses: Manchester United goalkeeper's £29m move to Real Madrid off - because paperwork 'not done in time'
- 3 Pansexual: What is it - and when did the word become popular?
- 4 Isis releases graphic video showing four Shia 'spies' being burned alive in Anbar, Iraq
Miley Cyrus calls out hypocrisy of women’s nipples being taboo
The man who sold Minecraft to Microsoft for £2.5 billion says it's made him miserable
Nazi 'gold train': Fire engulfs suspected location of vehicle
Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
Isis releases graphic video showing four Shia 'spies' being burned alive in Anbar, Iraq
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
UN investigating British Government over human rights abuses caused by IDS welfare reforms
iJobs Money & Business
£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...
£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...
£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...
£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...