Debenhams Group, a British online fast-fashion retailer, saw a 5% increase in adjusted EBITDA to £20.0m in H1 2026. The group’s revenue for continuing operations dropped by 23% to £296.9m, with gross profit down by 24% to £157.2m. GMV pre-returns decreased by 19% to £630.8m, but the Debenhams brand saw a 20% increase.

Marketplace sales made up 31.6% of GMV, allowing Debenhams Group to reduce inventory levels by 35% and fixed costs by £160m. Net debt decreased to £111m, with a projection to fall below 2x EBITDA by February 2027. The company expects full-year adjusted EBITDA to reach approximately £45m and forecasts double-digit growth for FY27.

Debenhams Group plans to change its name from Boohoo Group Plc to Debenhams Plc pending shareholder agreement. The company also announced the availability of British fashion labels like Coast, Warehouse, and Oasis in the US on Macy’s, Bloomingdale’s, and Nordstrom online marketplaces. CEO Dan Finley expressed confidence in continued growth.

Read more at Yahoo Finance: Debenhams Group turnaround delivers return to profitability in H1 2026