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    Debenhams 'could shut up to 80 stores' in move that would put thousands of jobs at risk.

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    papa_umau
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    Debenhams 'could shut up to 80 stores' in move that would put thousands of jobs at risk.

    Post by papa_umau on Tue 11 Sep 2018, 11:54 am

    Debenhams 'could shut up to 80 stores' in move that would put thousands of jobs at risk after retailer was plunged into turmoil with 15.9m wiped off its value

    Creditors KPMG were drafted in to reduce costs and save chain from going bust.

    Retail experts have warned that Debenhams could end up like House of Fraser.

    They say the department store has 'too many stores' and some will need to close.



    Here we go again.

    Another high-street stalwart hitting the skids and removing our range of choices.

    I think we are being forced out of shopping on the high street and into the hands of the internet privateers.


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    zathrus
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    Re: Debenhams 'could shut up to 80 stores' in move that would put thousands of jobs at risk.

    Post by zathrus on Thu 13 Sep 2018, 11:24 am

    The Debenhams Chairman says that the company is not in any dangerous situation.

    See what he said here: http://www.proactiveinvestors.co.uk/companies/news/204643/debenhams-not-pursuing-major-store-closures-plan-chairman-204643.html
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    papa_umau
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    Re: Debenhams 'could shut up to 80 stores' in move that would put thousands of jobs at risk.

    Post by papa_umau on Fri 14 Sep 2018, 12:00 pm

    Of course, such companies do not want to admit that they are failing as if they do and the news goes public the shares in these companies will be hit very hard.


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    Angie baby
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    Re: Debenhams 'could shut up to 80 stores' in move that would put thousands of jobs at risk.

    Post by Angie baby on Sat 15 Sep 2018, 11:38 am

    I think that is the exact reason why the Chairman of Debenhams is trying to pull the wool over our eyes Papa.

    We will find out the truthover a bit of time.
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    papa_umau
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    Re: Debenhams 'could shut up to 80 stores' in move that would put thousands of jobs at risk.

    Post by papa_umau on Sun 16 Sep 2018, 11:43 am

    Yes, my dear, we certainly will.

    It is now quite crazy that it is the big companies that are going bust so regularly now.


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