{"id":34279,"date":"2019-03-05T14:14:43","date_gmt":"2019-03-05T14:14:43","guid":{"rendered":"http:\/\/jomec.co.uk\/thecardiffian\/?p=34279"},"modified":"2019-03-05T14:14:43","modified_gmt":"2019-03-05T14:14:43","slug":"uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning","status":"publish","type":"post","link":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/","title":{"rendered":"Uncertainty over Cardiff store as Debenhams issues warning"},"content":{"rendered":"<p>DEBENHAMS has issued another profit warning after sales dropped 5.3 per cent in the last six months.<br \/>\nThe retailer, which has 165 stores and employs over 25,000 people, issued three profit warnings in 2018; prompting fresh fears about the future of the Cardiff branch.<br \/>\nThis latest announcement comes just weeks after it secured a \u00a340m loan in a bid to secure a longer term refinancing plan.<br \/>\nDespite this, chief executive Sergio Bucher said 50 stores would close.<br \/>\nWhile like-for-like sales fell 5.3 per cent for the 26 weeks leading to March 2, digital sales were up by two per cent. Debenhams&#8217; market value now stands at just \u00a336.7m.<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-34281 size-full\" src=\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debs-2.jpg\" alt=\"\" width=\"539\" height=\"404\" srcset=\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debs-2.jpg 539w, https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debs-2-300x225.jpg 300w, https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debs-2-500x375.jpg 500w, https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debs-2-293x220.jpg 293w\" sizes=\"auto, (max-width: 539px) 100vw, 539px\" \/><noscript><img decoding=\"async\" class=\"alignnone wp-image-34281 size-full\" src=\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debs-2.jpg\" alt=\"\" width=\"539\" height=\"404\" srcset=\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debs-2.jpg 539w, https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debs-2-300x225.jpg 300w, https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debs-2-500x375.jpg 500w, https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debs-2-293x220.jpg 293w\" sizes=\"(max-width: 539px) 100vw, 539px\" \/><\/noscript><br \/>\nHigh streets across the country have been under increasing pressure as more people shop online.<br \/>\n\u201cIf I do shop at Debenhams I usually do \u2018click and collect\u2019 online rather than look around the store \u2013 it\u2019s probably why stores are closing,\u201d said Samantha Phillips, a 45-year-old accounts clerk at Cardiff University.<br \/>\n\u201cIf the Cardiff branch was to be one of the ones to close, I\u2019d probably be more likely to travel to Bristol or Swansea than go to one of its competitors.\u201d<br \/>\nDespite facing administration last year, rival department store House of Fraser was revived by businessman Mike Ashley who bought its assets for \u00a390m. Ashley also owns a 29 per cent stake in Debenhams.<br \/>\nDebenhams is also in competition with John Lewis, both situated in St David\u2019s Centre.<br \/>\n\u201cIf it were to close I don\u2019t think it would affect Cardiff too much as there\u2019s competition here, but in places like Swansea it\u2019s the only place to go really,\u201d said 43-year-old shopper Theresa Cullen.<br \/>\nDespite this, the closure will be felt by those who do not shop online.<br \/>\n\u201cWe automatically go to Debenhams, we\u2019re from the valleys and it is our first port of call,\u201d said Jean Powell and Audrey Simons, both in their 80s.<br \/>\nSergio Bucher, Debenhams chief executive, said in the trading update this morning: \u201cWe are making good progress with our stakeholder discussions to put the business on a firm footing for the future. We still expect that this process will lead to around 50 stores closing in the medium term.<br \/>\n\u201cOur priority is to secure the best outcome for the business and all our stakeholders, whilst minimising the number of store closures and job losses.\u201d<br \/>\nThe retailer has yet to announce which stores are set to close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DEBENHAMS has issued another profit warning after sales dropped 5.3 per cent in the last six months. The retailer, which has 165 stores and employs over 25,000 people, issued three profit warnings in 2018; prompting fresh fears about the future of the Cardiff branch. This latest announcement comes just weeks after it secured a \u00a340m loan in a bid to secure a longer term refinancing plan. Despite this, chief executive Sergio Bucher said 50 stores would close. While like-for-like sales [&hellip;]<\/p>\n","protected":false},"author":129,"featured_media":34280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[92,3],"tags":[1291,6490,6491],"coauthors":[],"class_list":["post-34279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-city","category-news","tag-cardiff-2","tag-debenhams","tag-profit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uncertainty over Cardiff store as Debenhams issues warning - The Cardiffian<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uncertainty over Cardiff store as Debenhams issues warning - The Cardiffian\" \/>\n<meta property=\"og:description\" content=\"DEBENHAMS has issued another profit warning after sales dropped 5.3 per cent in the last six months. The retailer, which has 165 stores and employs over 25,000 people, issued three profit warnings in 2018; prompting fresh fears about the future of the Cardiff branch. This latest announcement comes just weeks after it secured a \u00a340m loan in a bid to secure a longer term refinancing plan. Despite this, chief executive Sergio Bucher said 50 stores would close. While like-for-like sales [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/\" \/>\n<meta property=\"og:site_name\" content=\"The Cardiffian\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-05T14:14:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debenhams.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ffion Lewis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ffion Lewis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/\",\"url\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/\",\"name\":\"Uncertainty over Cardiff store as Debenhams issues warning - The Cardiffian\",\"isPartOf\":{\"@id\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debenhams.jpg\",\"datePublished\":\"2019-03-05T14:14:43+00:00\",\"author\":{\"@id\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/#\/schema\/person\/27af6782486cf69b224b220d40aa92d5\"},\"breadcrumb\":{\"@id\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/#primaryimage\",\"url\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debenhams.jpg\",\"contentUrl\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debenhams.jpg\",\"width\":720,\"height\":540},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Uncertainty over Cardiff store as Debenhams issues warning\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/#website\",\"url\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/\",\"name\":\"The Cardiffian\",\"description\":\"Just another JOMEC Sites Network site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/#\/schema\/person\/27af6782486cf69b224b220d40aa92d5\",\"name\":\"Ffion Lewis\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/#\/schema\/person\/image\/40fa48c0b3dcf4ed224c0ec159ebb945\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c74538fe9680eac1f1cfe665bd00751452ec69576a9e4807d776ca3a32959ccf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c74538fe9680eac1f1cfe665bd00751452ec69576a9e4807d776ca3a32959ccf?s=96&d=mm&r=g\",\"caption\":\"Ffion Lewis\"},\"url\":\"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/author\/lewis-f\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Uncertainty over Cardiff store as Debenhams issues warning - The Cardiffian","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/","og_locale":"en_GB","og_type":"article","og_title":"Uncertainty over Cardiff store as Debenhams issues warning - The Cardiffian","og_description":"DEBENHAMS has issued another profit warning after sales dropped 5.3 per cent in the last six months. The retailer, which has 165 stores and employs over 25,000 people, issued three profit warnings in 2018; prompting fresh fears about the future of the Cardiff branch. This latest announcement comes just weeks after it secured a \u00a340m loan in a bid to secure a longer term refinancing plan. Despite this, chief executive Sergio Bucher said 50 stores would close. While like-for-like sales [&hellip;]","og_url":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/","og_site_name":"The Cardiffian","article_published_time":"2019-03-05T14:14:43+00:00","og_image":[{"width":720,"height":540,"url":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debenhams.jpg","type":"image\/jpeg"}],"author":"Ffion Lewis","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ffion Lewis","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/","url":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/","name":"Uncertainty over Cardiff store as Debenhams issues warning - The Cardiffian","isPartOf":{"@id":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/#primaryimage"},"image":{"@id":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/#primaryimage"},"thumbnailUrl":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debenhams.jpg","datePublished":"2019-03-05T14:14:43+00:00","author":{"@id":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/#\/schema\/person\/27af6782486cf69b224b220d40aa92d5"},"breadcrumb":{"@id":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/#primaryimage","url":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debenhams.jpg","contentUrl":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-content\/uploads\/sites\/9\/2019\/03\/debenhams.jpg","width":720,"height":540},{"@type":"BreadcrumbList","@id":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/2019\/03\/05\/uncertainty-over-cardiff-store-as-debenhams-issues-sales-warning\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/"},{"@type":"ListItem","position":2,"name":"Uncertainty over Cardiff store as Debenhams issues warning"}]},{"@type":"WebSite","@id":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/#website","url":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/","name":"The Cardiffian","description":"Just another JOMEC Sites Network site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/#\/schema\/person\/27af6782486cf69b224b220d40aa92d5","name":"Ffion Lewis","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/#\/schema\/person\/image\/40fa48c0b3dcf4ed224c0ec159ebb945","url":"https:\/\/secure.gravatar.com\/avatar\/c74538fe9680eac1f1cfe665bd00751452ec69576a9e4807d776ca3a32959ccf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c74538fe9680eac1f1cfe665bd00751452ec69576a9e4807d776ca3a32959ccf?s=96&d=mm&r=g","caption":"Ffion Lewis"},"url":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/author\/lewis-f\/"}]}},"_links":{"self":[{"href":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-json\/wp\/v2\/posts\/34279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-json\/wp\/v2\/users\/129"}],"replies":[{"embeddable":true,"href":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-json\/wp\/v2\/comments?post=34279"}],"version-history":[{"count":0,"href":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-json\/wp\/v2\/posts\/34279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-json\/wp\/v2\/media\/34280"}],"wp:attachment":[{"href":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-json\/wp\/v2\/media?parent=34279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-json\/wp\/v2\/categories?post=34279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-json\/wp\/v2\/tags?post=34279"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/cardiffjournalism.co.uk\/thecardiffian\/wp-json\/wp\/v2\/coauthors?post=34279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}