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Fashion Jobs
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
Permanent · Bengaluru
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
NIKE
Service Delivery Manager, Sap & Omdl (Order Management & Delivery) – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, Batch & bi – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, HR/Finance & Payroll – Tech Ops
Permanent · Bengaluru
NIKE
Senior Cyber Security Analyst – Cis
Permanent · Bengaluru
By
Reuters
Published
Oct 22, 2009
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Debenhams year profit up 14 pct, cuts debt

By
Reuters
Published
Oct 22, 2009

LONDON, Oct 22 (Reuters) - Debenhams (DEB.L), Britain's second-biggest department stores group, posted full-year profit towards the top end of expectations and said underlying sales had turned positive at the start of its new financial year.


The firm, with over 150 stores in Britain and Ireland and more than 50 franchised outlets overseas, said it cut debt by over 400 million pounds ($662 million) to 590.3 million in the year ended Aug. 29 and had repaid 100 million more since then.

It also said on Thursday 22 October that Chairman John Lovering would step down in March.

Profit before tax, goodwill and one-off items was 125.2 million pounds, near the top of analysts' forecast range of 115-126 million in a Thomson Reuters I/B/E/S Estimates poll.

Sales at stores open at least a year fell 3.6 percent, but were up 0.6 percent in the seven weeks to Oct. 17.

"The outlook for consumer behaviour remains hard to predict," Chief Executive Rob Templeman said.

"However, we are encouraged by the response of customers to the changes we have made to our offer, he added, referring to the firm's switch to more own-bought clothes, such as its Designers at Debenhams ranges, rather than concessions.

Debenhams shares have almost quadrupled in value this year, helped by a 323-million-pounds equity fundraising in June which put an end to worries about its debts.

The firm had been dogged by concerns about its borrowing since returning to the stock market at 195 pence a share in 2006 after two-and-a-half lucrative years in private equity hands.

Britain's retailers are also starting to benefit from signs of recovery from recession. An industry survey last week showed retail sales growing at their fastest annual pace in September for five months.

Debenhams shares closed at 83.1 pence on Wednesday 21 October, valuing the business at about 1.1 billion pounds. ($1=.6045 pounds) (Reporting by Mark Potter; Editing by James Davey and Mike Nesbit)

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