Debenhams Group Widens Losses as Sale of PrettyLittleThing Considered

Debenhams Group widens losses as sale of PrettyLittleThing considered

Debenhams Group reported widening pre-tax losses in its latest annual results as it weighs the possible sale of PrettyLittleThing (PLT). For the year ended 28th February 2025, pre-tax losses rose to US $ 340 million compared with US $ 212 million a year earlier. Group sales fell 10% to US $ 2.97 billion, with revenues […] The post Debenhams Group widens losses as sale of PrettyLittleThing considered appeared first on Apparel Resources.

Debenhams mulls PLT sale as pre-tax losses widen

Debenhams revealed it is planning to offload PrettyLittleThing (PLT) after reporting pre-tax losses of £264m for the year to 28 February 2025, up from £164m a year earlier. The group attributed the loss to a one-off exceptional item linked to strategic decisions, including the closure of its US distribution centre and stock write-offs of £26m. Gross merchandise value (GMV) before returns also fell 10% year on year to £2.32bn, while revenue decli…

Debenhams Group mulls sale of PrettyLittleThing - Retail Gazette

Debenhams Group saw pre-tax losses widen in its annual results, as it considers a sale of PrettyLittleThing (PLT). Pre-tax losses grew to £264m for the year ended 28 February 2025, compared to £164m the same time last year. Sales were down 10% to £2.3bn, with its “youth brands” Boohoo, PrettyLittleThing and BoohooMan suffering the biggest decline with revenues dropping by more than a fifth to £1.5bn. The Debenhams arm, which comprises Warehouse,…

Debenhams-Boohoo in £264m loss, mulls PLT sale – Northern Financial Review

Debenhams Group, formerly known as Boohoo, surprised the market on Tuesday by publishing its audited results for the year ended February 28, 2025, showing a loss before tax from continuing operations of £263.9 million, up from a £164.4 million loss a year earlier. Boohoo now trades under the Debenhams brand — but an official name change for the firm was blocked by shareholders in March. The group’s brands include Debenhams, Karen Millen, Boohoo,…

Debenhams reports deeper losses, weighs PrettyLittleThing sale

Share via: Facebook X LinkedIn WhatsApp Pocket Messenger Copy Link Telegram Email More Debenhams has reported widening full-year losses, even as all of its brands returned to profitability on anRead More...