Advisers to Debenhams over its proposed flotation have decided to exclude retail (private) investors from the Initial Public Offer.
The public will have to wait until shares start trading in the second week of May before they can buy into the business.
Clarks has reported UK sales fell by 3.8 percent to £612.4 million in the year to January 31 as group turnover slid 3.4 percent to £921.4 million.
Pre-tax profits dropped to £71.9 million from £80.4 million, and the company warned profits for this year could take a further hit of £10 million-£15 million if tariffs are imposed on shoe imports.
Ravel also suffered a 3 percent decline in underlying sales. Clarks admitted that it had concentrated on smart merchandise and not enough on casual shoes.
Mosaic, the owner of Oasis, Karen Millen, Coast and Whistles, saw underlying profits rise to £59.2 million last year. The trend towards smarter tailoring is believed to have helped Cost and Karen Millen in particular.
European Department Stores Retailing 2005 examines growth trends and opportunities across the 25 EU countries, together with organic routes to department store growth.
It analyzes the key trends in European department store retailing including demographic changes, franchising as a route to overseas growth and cross-border opportunities.
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