By  on June 19, 2018

LONDON – Debenhams is expecting pre-tax profit to fall short of projections for fiscal 2018, and has said the tough retail climate is to blame. It is the company’s third profit warning this year.

On Tuesday, the British department store chain said it had “reassessed” its expectations for the balance of the year, and now expects pre-tax profit to be in the range of 35 million pounds to 40 million pounds. Current market consensus is 50.3 million pounds.

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