Debenhams builds personal finance offer with Western Union partnership

Debenhams is expanding its foreign exchange services as part of plans to widen its appeal to customers.

Debenhams builds personal finance offer with Western Union partnership

Debenhams is expanding its foreign exchange services as part of plans to widen its appeal to customers.

The department store is partnering with Western Union in 112 of its stores to offer global money transfer to shoppers.

Western Union already partners with several major retailers - including John Lewis, WHSmith and Sainsbury's.

The news comes as Debenhams pushes ahead with plans to improve its consumer offering amid flagging sales and profits.

Debenhams saw its half-year profits plunge nearly 85% from £87.8 million to just £13.5 million over the 26 weeks to March 3, with like-for-like sales falling by 2.2%.

The department store is facing severe structural pressures and the firm has started shifting its focus away from fashion towards beauty products and gifts.

Announcing its partnership with Western Union on Monday, Debenhams said it was committed to developing the personal finance services it offers in stores. The retailer already has currency exchange kiosks in many of its outlets.

Andy Newman, head of personal finance at Debenhams, said: "We are really excited to be working with Western Union to provide a fantastic travel money service to our consumers nationwide.

"We now have travel money bureaux at over 100 of our stores and will be introducing a total of 6 more in the coming months."

- PA

more courts articles

Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman
Coronation Street actor William Roache (91) given three months to settle tax debt Coronation Street actor William Roache (91) given three months to settle tax debt

More in this section

Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
Lord Rothschild death Tony Blair leads tributes on death of financier Rothschild at age 87
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited