Another few stores to close, which now makes 20 in total and really feel for those who have lost their jobs
Really tough times for the high street atm, sadly i think this may be the first of many as Virgin
have said they will not open their stores once lockdown has been eased BUT jobs are being offered elsewhere in the company.
Debenhams is closing another three stores as the retailer grapples with falling High Street sales made worse by the coronavirus lockdown.
Stores at Milton Keynes, Watford and the Metrocentre, Gateshead, will not re-open after lockdown restrictions are eased, meaning about 300 job losses.
Debenhams said it had failed to agree new rental terms with landlord Intu, itself in financial trouble.
It means 20 Debenhams outlets will now be closed permanently.
Last week, the retailer set out plans to re-open more than 50 shops
in England and Northern Ireland with the easing of the lockdown. As part of a restructuring, Debenhams has struck deals with landlords to keep 120 stores open.
The group collapsed into administration for the second time in a year in April
after coronavirus heaped pressure on the business.
A spokesperson said on Tuesday: "Sadly we have been unable to agree terms with the landlord. As a result these stores will not be re-opening in line with the rest of the chain next week. We greatly regret the effect on our colleagues, who have served our customers with commitment and dedication."
Debenhams had already announced, since April's administration, 17 stores that would not re-open after lockdown, including in Reading, Leicester, Swindon and Croydon.
As with Tuesday's announcement, Debenhams is understood to have been unable to agree new rent terms with the landlord.
In addition to store closures, Debenhams has been cutting jobs at its head office and closing the majority of its store cafes in a bid to cut costs.
More than 4,000 jobs will be lost as a result of the restructuring. Debenhams collapsed into what is described as a "light touch" administration, where the current management remains in place while the business cuts costs and finds fresh investment.Source