Britain’s Debenhams, ASOS buck retail gloom

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Pedestrians walk past the Debenhams store on Oxford Street, in central LondonLONDON (Reuters) – British retailers Debenhams and ASOS laid out plans to deliver future growth overseas as their rising profits showed their resilience to weaker home market conditions. Both Debenhams, Britain's No. 2 department store group, and ASOS, the fast-growing online fashion retailer, have bucked the gloomy trend in the sector, dogged by weak consumer confidence. Shares in Debenhams, up 59 percent over the last year, rose 6 percent after it increased its target for online sales to 600 million pounds ($961.8 million) from 500 million through the next three to five years. …

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