Debenhams confirms 2,500 job cuts, but store trading better than hoped
Struggling British department store chain Debenhams is to cut a further 2,500 jobs, dealing the latest blow to the country’s battered retail sector from the Covid-19 crisis.
Struggling British department store chain Debenhams is to cut a further 2,500 jobs, dealing the latest blow to the country’s battered retail sector from the Covid-19 crisis.
New Look is believed to be planning a second CVA with Deloitte expected to come on board as adviser this week. As part of the CVA, the company will be seeking new rent-linked lease contracts for 450+ stores.
UK retail sales are recovering but fashion isn't a priority for many consumers as other traditional summer spend takes over. However, more consumers now feel happier about entering stores.
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