Debenhams in store refit push

Debenhams is to accelerate its retail fit out programme as it seeks to maintain growth.

In its latest interim statement covering the 18 weeks ended 2 Jan the company saw Gross transaction value 1.6 per cent higher than the same period last year.

Like-for-like sales increased by 0.1 per cent over last year.

A company statement said:

"Following the success of the recent refit of the Cardiff store, we will be accelerating the store refit programme as well as investing in more brand make-overs across the whole store portfolio. This investment, in addition to the acquisition of Magasin du Nord, will result in capital expenditure guidance for the year increasing to c.£115 million."