Department store group Debenhams issued a profits warning today after its sales woes continued into the spring season.
The group, which has 132 stores, reported pre-tax profits of £105.5 million for the year to March 3, but said it did not expect to meet market expectations in terms of this year's profits performance.
It blamed challenging trading conditions and said like-for-like sales were 6.9% lower in past six weeks, adding that it was braced for a negative sales performance over the rest of this financial year.
