Once the UK’s biggest department store group, Debenhams will close its remaining high street stores for the last time on May 15, 2021–242 years after it first began trading. Fashion retailer Boohoo announced it had acquired Debenhams out of administration for £55 million pounds in January 2021. However, the deal only includes the Debenhams brand and online operations, not the retail shops or its workforce, resulting in the closure of 118 stores as part of the liquidation process and the loss of thousands of jobs. Speaking about the closure of Debenhams stores from high streets across the UK, retail analyst Richard Hyman told NTD, “The closure of Debenhams’ physical stores, including this flagship store in London, means around 12,000 people will lose their jobs. Pandemic shutdowns proved to be too much for the already struggling retailer.” “Debenhams has been a weak business for many, many years; the clock has been …
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