Debenhams to close five more stores post-lockdown with loss of more than 1,000 jobs

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Debenhams

Troubled British department store giant Debenhams has announced that it is to shut five more stores after failing to reach an agreement with its landlords over rent.

The result of this will be the loss of more than 1,000 jobs across the country.

Stores at shopping centres in Reading, Croydon, Birmingham, Leicester and Glasgow – which are all owned by property firm Hammerson – will not reopen after the lockdown.

Already in administration, Debenhams has been seeking to renegotiate terms with the owners of its near 150 shops since the COVID-19 enforced lockdown.

Debenhams said in a statement: “We can confirm that despite our best efforts, we have been unable to agree terms with Hammerson on our five stores in its shopping centres, and so they will not be reopening. We continue to engage in constructive talks with our landlords and have agreed terms on the vast majority of our stores, which we look forward to reopening when government restrictions allow.”

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