Debenhams considers sale of Magasin du Nord The retailer is mulling the potential sale of the six-strong Danish department store chain as part of a wider initiative to cut costs. Debenhams states that Magasin du Nord, which it acquired in 2009 for £12.3m, continues to be profitable. Read more.

Dixons Carphone reports a 3% revenue rise to £10.5bn for the year to 28th April Underlying pre-tax profit hit £382m. Newly installed CEO Alex Baldock has stated that his priorities for the coming year are to build the company's gross margins and improve its mobile phone sales in a period of tough trading conditions. Read more.

H&M to debut its first lingerie brand collaboration The apparel retailer has partnered with Amsterdam-based Love Stories for the project. The new collection will launch in August and will feature Love Stories' distinctive prints and patterns. Read more.

Iceland launches its own startup accelerator programme The Iceland Innovation Lab will collaborate with startups to develop and test their business ideas over a nine-week programme. Iceland have identified several key focuses, including seamless customer experience, sustainability and optimised supply chains. Read more.

House of Fraser secures a conditional loan extension Press Association reports that the department store chain has secured a conditional agreement to an extension of a £125m term loan and a £100m revolving credit facility. The move will give the business more time to push through key restructuring changes. Read more.

Footasylum revenue up 33% to £194.8m for the year to 24th February EBITDA rose by 12% to £12.5m while adjusted profit before tax increased by 4% to £8.4m. The footwear retailer opened ten new stores over the period and invested to drive growth online, which now makes up 30% of total sales. Read more.