The struggling retailer, Debenhams pre-tax loss has risen to an eye watering €20.64 million (£18.28 million) after incurring exception costs of €18.77 million (£16.63 million).
The directors commented: ‘The external economic and commercial environment is expected to remain uncertain and volatile in 2019.’
This resulted in impairment costs and onerous lease charges of €13.7 million (£12.4 million) after the review identified stores “at the risk of becoming unprofitable over time and others where anticipated future performance would not support the carrying value of store assets”.
The review also resulted in a non-cash impairment charge on goodwill of €3.38 million (£2.99 million) while an exceptional charge of €1.68 million (£1.49 million) was also incurred due to restructuring linked to Debenhams Redesigned strategy.
