Final Debenhams stores to shut as chains 243 year history ends
Written by Radio News Hub on May 15, 2021
Debenhams is to shut its doors for the final time in its 243-year history.
The historic department store chain will close its remaining 28 stores across the UK for good on Saturday after the company collapsed amid the fallout of the coronavirus pandemic.
It closed 21 of its sites across the UK for the final time on Thursday.
The retailer has suffered slumping sales in recent years as shoppers moved away from traditional department store models.
However, the enforced closure of sites during the pandemic was the final straw, resulting in the company falling into administration within weeks of the virus fully hitting the UK.
The company then started its liquidation process at the start of this year after failing to secure a rescue sale.
Debenhams, which employed more than 20,000 people before the pandemic, sold its brand and website to online giant Boohoo for £55 million in January but confirmed its bricks and mortar business would close for good.
It reopened sites from April 12 after the reopening of essential retail in order to clear stock across its stores.
– Final stores to close on May 15
Leeds White Rose
Published: 15/05/2021 by Radio NewsHub