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UK Online Retailer Debenhams Sees Interim Profit Growth Amid Turnaround

The group said it was also exploring a potential sale of its PLT brand and long-term options for its distribution sites in the US and Burnley, England.
Boohoo
The company rebranded in March to Debenhams from Boohoo. (Shutterstock)

British online fashion retailer Debenhams Group on Tuesday said it expects first-half core earnings to exceed year-ago levels amid a turnaround strategy to reverse costs pressures and revive demand, sending shares as much as 9 percent higher.

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