Debenhams Store Closures: 4,000 Jobs Could be at Risk as Company Deals with Biggest Losses in its History

DEBENHAMS has announced plans to close up to 50 stores within its 165 strong portfolio as it struggles to deal with the company’s biggest loss in its 240-year history (£491.5 million).

The closures if applied could put thousands of jobs at risk. It is reported that the closures would take place over a three to five year period.

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The difficulties at Debenhams follow a trend whereby a raft of retailers have also embarked on store closures programmes. These include New Look, Carpetright and Mothercare.

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