Debenhams Group has reported a strong turnaround in the first half of FY26, led by GMV growth of 20 per cent and EBITDA growth of 50 per cent. Its capital-light, market-driven model is increasing margins and doubling membership to 20,000. Youth brands once again had positive EBITDA and Karen Millen begins a premium repositioning strategy. Costs have been reduced by £160 million (~$211.85 million).
UK Debenhams sees $1.32bn GMV over 3 years amid sharp turnaround
