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Debenhams 'seeks to close 50 stores' in radical overhaul
The Today's programme's markets guest, Supriya Menon from Pictet Asset Management Ltd, says this could be the end of the line for the bad news from Debenhams: "They've had to take some impairments on their balance sheet - charges related to restructuring they've decided to come clean about the amount needed for them to stabilise and that's lead to this large loss." But, she says this could (could) be the end of the bad news: "We've had three profit warnings and maybe this is the bottom. Expectations are rather low for Debenhams ,you can only hope it surprises."
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