Debenhams boss to retire as sales rise

first_img KCS-content Debenhams boss to retire as sales rise More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Thursday 14 April 2011 8:21 pm DEBENHAMS said yesterday its chief executive of eight years would retire in September as it posted a 4.5 per cent rise in first-half profit and resumed its dividend.Rob Templeman will be succeeded by Michael Sharp, the current deputy chief executive, the department store chain said.Templeman, who has been at the helm for eight years, will remain as a consultant for up to one year after his retirement. Debenhams, which trades from about 170 stores in Britain, Ireland and Denmark and about 60 franchised outlets in 24 countries, said it made an underlying pre-tax profit of £129.2m in the six months to 26 February.That was slightly above analysts’ consensus forecast of £128m and up from £123.6m in the same period last year. Debenhams, ranked second after employee-owned department store John Lewis, said first-half sales rose 3.2 per cent, with sales at stores open over a year down 1.5 per cent,The firm, which ended the period with net debt of £351.6m, returned to the dividend list for the first time in three years with a one pence payout. Debenhams said it expects trading in its second-half to be difficult as disposable incomes come under pressure from inflation, government cuts and higher taxes. But Templeman said: “The trading environment has been difficult but Debenhams has now produced six consecutive halves of pre-tax profit growth in what has been a consistently challenging retail climate.” whatsappcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads Show Comments ▼ Share Tags: NULLlast_img read more