Debenhams looking for fresh funding, Christmas trading weak

Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson - Copyright SIMON DAWSON(Reuters)

By Reuters

Published on 10/01/2019 - 09:04•Updated 26/04/2024 - 14:20

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LONDON (Reuters) - Debenhams <DEB.L>, the British department store that is battling for its survival, said it was in talks with lenders and looking to bring new sources of funding into the business as it reported weak Christmas trading.

The group reported a 6.2 percent fall in underlying sales at its British business in the 18 weeks to January 5, but said it was still on track to hit profit targets after it identified further cost savings.