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.