Overview

• Chief executive Dan Finley said the group is considering a sale of PrettyLittleThing as part of an ongoing business review.
• Management is assessing long-term options for the Burnley and US distribution sites, with potential closures under consideration to boost efficiency.
• The Burnley facility employs more than 3,000 people, raising the prospect of significant job risks if the site is reconfigured or closed.
• For the year to February 28, revenues fell 17% to £1.22 billion and the pre-tax loss widened to £263.3 million, reflecting one-off charges including a US centre closure and £26 million of stock write-offs.
• The turnaround has delivered about £50 million in annualised savings via a 30% headcount reduction, stock cuts, and logistics changes, while youth brands including Boohoo, PrettyLittleThing and MAN adopt Debenhams’ marketplace model.