Ahead of this morning’s numbers from Debenhams and Carpetright, a number of publications told investors what to expect. Can you spot the odd one out? “Debenhams and Carpetright to provide snapshots of hard-pressed UK retail sector”. “Updates from high street as pressure ramps up on the sector”. “Debenhams to show high street health.”
Yes, you can always rely on upbeat Daily Express sub-editors to look on the bright side of Brexit. Even if it bears absolutely no resemblance to reality (in fairness, the report accompanying that cleverly disingenuous headline told it like it is.) And, this morning, it is like this: Debenhams has reported a 2.4 per cent fall in like-for-like sales in the past quarter, while Carpetright has said its statutory pre-tax profit was flattened to £0.9m.