Debenhams passes its own stress tests


  • Retail
The toiling chain released a “viability statement” with its annual report The toiling chain released a “viability statement” with its annual reportDAN KITWOOD/GETTY IMAGES

Debenhams has conducted various stress tests that show it will operate as normal and meet its debts within the next three years.

The struggling department stores chain published a “viability statement” in its annual report, in which it assessed the long-term viability of the company over a three-year period to August 28, 2021.

It said that it had selected the three-year span because it covered a period where the retail industry would have to adapt to significant change and uncertainty after Brexit.

Debenhams said that in the wake of the assessment, the “board is in agreement that Debenhams is a viable business” and that the directors have considered the resilience of the retailer by taking into account its “current position and historical financial performance, the…

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  • Retail