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Debenhams to close up to 50 stores, putting 5,000 jobs at risk

By Sarah Butler

Struggling department store chain also unveils near £500m annual loss

Debenhams has confirmed plans to shut up to 50 stores, nearly a third of the UK-wide chain, putting up to 5,000 jobs at risk.

The struggling department store also unveiled a near £500m annual loss as it writes off the value of its brand and the cost of unwanted shop leases and IT systems.

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Via:: https://www.theguardian.com/business/2018/oct/24/debenhams-to-close-up-to-50-stores-in-further-blow-to-high-streets