Debenhams closes stores, including Oxford Street flagship
What: more store closure for the UK bankrupt department store chain.
Why it is important: while Debenhams is still hoping for a rescue deal, the new wave of UK lockdowns has put even more pressure on the retailer who has no choice but to close stores
The department store entered in liquidation at the end of 2020, and has been forced to close physical stores as a national lockdown was renewed. In this context, Debenhams could not secure lease extensions and has had no choice than to never reopen some stores, even after the lockdowns. Six stores are concerned by the decision, including the flagship located on London’ Oxford Street, leading to a possible redundancy of more than 300 people.
While the UK is still under lockdown, Debenhams’ closing sales continue online.
Update on winding-down process; closing down sale continues online
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