Debenhams margins hit by spring showers

Department store chain Debenhams has been boosted by big events like the diamond jubilee and the Easter bank holiday, according to a trading update on Thursday, although the firm cautioned that margins have been hit by recent bad weather.

Department store chain Debenhams has been boosted by big events like the diamond jubilee and the Easter bank holiday, according to a trading update on Thursday, although the firm cautioned that margins have been hit by recent bad weather.

Like-for-like sales grew 3% between March 4th and June 23rd - this was an acceleration over the first six months of the group's financial year which begins in September.

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