DEPARTMENT store chain Debenhams has hinted that it may be interested in snapping up parts of the struggling Storehouse empire if the company is broken up. Debenhams chairman Peter Jarvis said the company, which operates 90 stores, was not interested in buying Storehouse, despite speculation linking the two companies. But he suggested that if the BHS and Mothercare group were dismantled, Debenhams could be interested in some of the larger store sites. Discounter Peacocks is understood to have made an approach to Storehouse. "We are always looking at good sites," said Mr Jarvis. "We are in a position to act if something comes along very soon." Debenhams unveiled full-year profits of £138.8 million sterling, but the figures were marginally ahead of expectations and Mr Jarvis said it was an impressive result as it was achieved "in a very challenging retail environment". Total sales increased 1 per cent to £1.38 billion from 1.37 billion, but were down 2.6 per cent after taking out new selling space. Analysts had expected profits of between £134 million and £137.5 million.