Debenhams eyes £100m profits as marketplace model gains traction

Debenhams Group has hailed continued sales growth across June and July as its shift towards a marketplace-led model begins to deliver.
The group, formerly known as Boohoo Group, said gross merchandise value had continued to grow year on year after returning to growth during its first quarter.
Sales margins have also improved, while customer return rates have fallen.
Chief executive Dan Finley said the group’s platform model and broader product assortment had allowed it to react quickly to