Debenhams warns on profit after sales are hit by January snow

Shares in High Street retailer Debenhams plunged nearly 10 per cent on Monday after the company issued a profit warning after admitting its UK business had been 'severely disrupted' by the snow in the latter part of January.

Shares in High Street retailer Debenhams plunged nearly 10 per cent on Monday after the company issued a profit warning after admitting its UK business had been 'severely disrupted' by the snow in the latter part of January.

The group said that whilst group like-for-like sales grew by around 3.0% for the 26 weeks to March 2nd, during the snow-affected period of January 14th-27th UK like-for-like sales were down by around 10%.

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