Department store chain Debenhams is to seek to recover the confidence of the City as its shares reached an all-time low. Daily Telegraph
Shares in the retailer have fallen more than 30% since the company floated at 195p a share just over a year ago.
Following a profits warning in April Debenhams announced plans to speed up its store refurbishment programme in an effort to win back customers and counter criticism from analysts who claim that the stores have been starved of investment.
Rob Templeman, chief executive of Debenhams, will take more than 30 City analysts around a refurbished store tomorrow and brief them on his plans to revitalise the chain. The analysts will also be taken to see non-refurbished stores.