Debenhams sales tumble over Christmas

Struggling department store chain Debenhams has reported a fall in sales during the crucial Christmas trading period.

In a “volatile” environment with customers seeking discounts, Debenhams reported a 5.7% fall in like-for-like sales in the 18 weeks to 5 January.

The group, which is closing 50 stores, said further disposals were on hold while it talked to its lenders.

Talks with lenders are “constructive”, Debenhams said.

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