Debenhams considers asset sale as it battles rivals’ price cuts

Retailer seeks to reduce costs as chief executive warns of ‘exceptionally difficult times’Debenhams is considering selling its assets, including a chain of Danish shops, to shore up its finances after brutal trading conditions triggered a third profit warning in six months.The department store group’s chief executive, Sergio Bucher, blamed falling numbers of shoppers and heavy discounting elsewhere on the high street for the fresh collapse in profits. Continue reading…