|
Re: Changes on the High Street
Quote:
Quote from The Sun: Debenhams is set to close all of its 124 shops permanently and disappear from the high street after rescue talks to save the chain failed.
The business is set to be liquidated after JDSports pulled out of bids to save the troubled department store chain, putting 12,000 workers at risk.
Debenhams' website will continue to trade and shops will remain open until current stock is sold, but it’s believed stores will close early next year.
JD Sports was the last remaining bidder for Debenhams, which has been in administration since April.
The 242-year-old retailer had been considering a potential sale since the summer after it went into administration for the second time in a year.
Debenhams has already cut 6,500 jobs since May. It currently has 12,000 workers.
The collapse comes after Debenhams' sales in the six months to October plunged to £323million versus billions in its heyday.
|
No surprises there, tough for the staff just ahead of Christmas.
__________________
History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
|