{"id":108294,"date":"2021-01-13T14:12:04","date_gmt":"2021-01-13T14:12:04","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108294"},"modified":"2021-01-13T14:12:04","modified_gmt":"2021-01-13T14:12:04","slug":"debenhams-closing-oxford-street-shop-as-five-other-stores-shutting-forever","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/world-news\/debenhams-closing-oxford-street-shop-as-five-other-stores-shutting-forever\/","title":{"rendered":"Debenhams closing Oxford Street shop as five other stores shutting forever"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i2-prod.dailystar.co.uk\/incoming\/article23103034.ece\/ALTERNATES\/s615\/3_Debenhams-Set-To-Close-Stores-Across-The-Countryjpgoe.jpg\"><\/p>\n<p>The Daily Star&#8217;s FREE newsletter is spectacular! Sign up today for the best stories straight to your inbox<\/p>\n<p>High street favourite Debenhams is to close six branches forever &#8211; including its flagship Oxford Street shop.<\/p>\n<p>Stores in Portsmouth, Staines, Harrogate, Weymouth and Worcester are other casualties of the cull.<\/p>\n<p>The closures mean that up to 320 members of staff could be affected.<\/p>\n<p>Debenhams was plunged into liquidation after crunch talks to rescue the 242-year-old retailer amounted to nothing. <\/p>\n<p>JD sports pulled out a deal to potentially save the department store, which has been in administration since Spring 2020.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i2-prod.dailystar.co.uk\/incoming\/article23156138.ece\/ALTERNATES\/s615b\/1_GettyImages-1229942020.jpg\"><\/p>\n<p>Eventually all remaining Debenhams\u2019 stores will disappear from UK high streets, having been a staple for well over a hundred years .<\/p>\n<p>It has been selling its stock for discount prices ahead of the shutters closing for good. <\/p>\n<p>Geoff Rowley, joint administrator to Debenhams and Partner at FRP Advisory, told The Sun today: &quot;We continue to engage with interested parties over alternative proposals for the future of Debenhams.<\/p>\n<p>&quot;Inevitably the latest lockdown has had an effect on our plans for the wind-down of the business.<\/p>\n<p>&quot;We regret the impact on those colleagues affected by today\u2019s announcement and would like to thank all those who continue to keep the business trading in very difficult circumstances.&quot;<\/p>\n<p>In total, 12,000 jobs have been put at risk since the department store giant entered administration. <\/p>\n<p>Debenhams has already cut about 6,500 jobs since May and now has 12,000 workers across 124 stores who could be made redundant.<\/p>\n<ul>\n<li>Twitter<\/li>\n<\/ul>\n<p>Source: <a href=\"https:\/\/www.dailystar.co.uk\/news\/breaking-debenhams-closing-iconic-oxford-23312316\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Daily Star&#8217;s FREE newsletter is spectacular!<\/p>\n","protected":false},"author":3,"featured_media":108293,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23056],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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