Debenhams issues profit warning as sales continue to slump

Department store chain is trying to reach deal with lenders to close 50 storesDebenhams has issued a fresh profits warning after a slump in UK sales, as it tries to hammer out a deal with its lenders that will include 50 store closures.The retailer said its previous profit forecasts for the current financial year – made just two months ago – were “no longer valid” after a 6% slide in UK sales in the 26 weeks to 2 March. Related: UK retailers suffer weaker sales due to Bre