Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Debenhams’ Cheshire: ‘lots of opportunities to exploit’

The new chairman of Debenhams Sir Ian Cheshire has said there are “multiple opportunities to exploit” at the department store chain.

Cheshire, former boss of B&Q owner Kingfisher, was appointed as Nigel Northridge’s replacement at Debenhams last week.

He told The Sunday Times there was “no silver bullet” for Debenhams but there is “a lot of interesting upside to be exploited” at the retailer.

Debenhams has been reducing its level of discounting following two profit warnings in 2013.

The retailer announced a 1.8% rise in like-for-like sales over Christmas.

Debenhams chief executive Michael Sharp is leaving the business later this year after five years at the helm. His replacement has yet to be announced.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.