{"id":125153,"date":"2021-05-15T07:29:23","date_gmt":"2021-05-15T07:29:23","guid":{"rendered":"https:\/\/precoinnews.com\/?p=125153"},"modified":"2021-05-15T07:29:23","modified_gmt":"2021-05-15T07:29:23","slug":"debenhams-bows-out-after-200-years-leaving-town-centres-counting-the-cost","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/debenhams-bows-out-after-200-years-leaving-town-centres-counting-the-cost\/","title":{"rendered":"Debenhams bows out after 200 years leaving town centres counting the cost"},"content":{"rendered":"
Venerable department store chain closes its doors as other retailers struggle to survive on the high street<\/p>\n
There were queues of bargain hunters at the tills at Debenhams in Sheffield but it had the feel of a market hall rather than a department store chain that can trace its roots back more than 240 years.<\/p>\n
Large areas were roped off with black and yellow tape, the beauty department had been stripped bare with some brand names now obscured by black spray paint, while the lingerie display was little more than four cardboard boxes of bras.<\/p>\n<\/p>\n
\u201cEverything must go\u201d read a sign above the tills at the city centre store but there was little stock left by Thursday afternoon, with only one and a half of the store\u2019s four floors still trading. This store, along with 28 others from Brighton to Belfast and including big shopping centre outlets such as Lakeside, Trafford and the Birmingham Bullring, will close their doors for the final time on Saturday.<\/p>\n
The brand name will then disappear from UK high streets for the first time since 1813, when William Debenham became a partner at a draper\u2019s store in London\u2019s Wigmore Street, and the shop was renamed Clark & Debenham.<\/p>\n
\u201cPeople are loving it, some things are 80% off,\u201d one worker said trying to keep things orderly as shoppers hunted through clothing rails lined up in the centre of the shop floor. But she added: \u201cIt\u2019s just sad. Some [staff] have been here 20 or 30 years, it\u2019s all they have ever known.\u201d<\/p>\n
Shoppers also expressed sadness, with one saying Debenhams\u2019 closure could leave a \u201clarge empty hole\u201d in the heart of the city.<\/p>\n
Some pondered if the city centre would still be worth visiting after Saturday as there will be just one department store left trading , local independent Atkinsons, after John Lewis also announced the permanent closure of its Sheffield store in March and the cut price operator TJ Hughes shut its nearby outlet last year.<\/p>\n
\u201cI feel devastated. I have cried about it. It makes me feel so sad to see our town centre turning into a ghost place,\u201d one shopper said.<\/p>\n
Caroline Dube, 56, who has popped in to Debenhams to get some last-minute bargains, said: \u201cIt has been my favourite shop since I came to England in 2001. When I came here Debenhams was the store. Almost every weekend I would go there, even if I wasn\u2019t buying anything. It is so sad that big shops are closing down. It is sad that people are losing their jobs.<\/p>\n
\u201cI don\u2019t know who could go into this huge building and fill it up the way Debenhams has.\u201d<\/p>\n
Jessica Simmonite, at the family-run Simmonite deli and butchers on nearby Division Street, said the number of closures nearby, which apart from John Lewis also include the Pandora jewellery store, Office and Footlocker footwear, Thornton\u2019s chocolate shop, Patisserie Valerie and Thomas Cook, was \u201cscary\u201d.<\/p>\n
Debenhams – a 200-year history<\/strong><\/p>\n Debenhams closes on Saturday after 200 years. More than 20,000 people have lost their jobs since the group first called in administrators two years ago when it had 166 stores. The brand has now been bought by the Boohoo group, but will only trade online.<\/p>\n Debenhams traces its roots back to 1778 <\/b>when William Clark opened a drapers shop on Wigmore Street in London. It was renamed Clark & Debenham in 1813 when Suffolk businessman William Debenham invested.<\/p>\n In 1928 <\/b>Debenhams became a listed company. It expended rapidly, to 100 stores by 1950<\/b>.<\/p>\n * Debenhams was bought in 1985 <\/b>by the Burton Group which also included brands such as Topshop and Dorothy Perkins.<\/p>\n * Debenhams split from Burton and relisted on the London Stock Exchange in 1998<\/b>. It had developed its Designers at Debenhams own labels, with fashion ranges from names such as John Rocha and Jasper Conran.<\/p>\n * Debenhams was sold in 2003<\/b> to private equity groups CVC Capital Partners, Texas Pacific Group and Merrill Lynch. Together the trio invested \u00a3600m in the purchase.<\/p>\n *When the business was refloated on the stock market three years later the investors made \u00a31.2bn. However, the group was now saddled with \u00a31bn of debt and had sold the freehold on many stores, which were now locked into expensive and lengthy lease deals.<\/p>\n * Debenhams was burdened with debt, slow to invest in online shopping and in updating its stores.<\/p>\n * In 2019, <\/b>after an acrimonious four-year battle for control for Debenhams with its lenders, the group collapsed into administration.<\/p>\n * Only a year later, despite a rescue restructure and the closure of 20 stores, Debenhams collapsed again.<\/p>\n * The group headed into liquidation in December 2020<\/b>. Boohoo bought the brand in January.<\/p>\n \u201cA lot is shutting \u2026 it\u2019s devastating. It will impact the town.<\/p>\n \u201cIt seems busy but people are not spending money. They are going to Primark and to the pub and that\u2019s it. A lot of people are on furlough or have lost their jobs so they haven\u2019t got the money to spend. It is worrying for every business. <\/p>\n \u201cIt\u2019s a domino effect. When one goes, everyone goes.\u201d<\/p>\n The city\u2019s story reflects a similar one around the country as high streets are forced to adapt to rapid change in habits towards online shopping and spending on other experiences and hobbies rather than buying clothes and homewares.<\/p>\n The closures of Debenhams and John Lewis, two large stores, is certainly a blow to Sheffield which has invested millions in redeveloping its town centre to attract people back after being hit by the opening of out-of-town shopping centre Meadowhall in 1990. On Saturday, the Debenhams in Meadowhall will close too.<\/p>\n Last year the council paid \u00a33m to John Lewis as part of attempts to keep its store open. Sheffield shoppers said they will miss it as a safe and affordable place to go for a meal before visiting the theatre, or to meet older relatives for a cup of tea. And its car park was cheap, they say, helping with the cost of a visit into town.<\/p>\n The John Lewis store looked ready to reopen at any moment, with cosmetics still on display on Thursday, visible through doors plastered in messages begging John Lewis to reconsider. But the outlet is likely to be emptied once consultation with staff finishes next month.<\/p>\n Like many towns and cities, Sheffield is now searching for new attractions and ideas that will provide the same draw as the department stores once did.<\/p>\n Rob, 40, standing outside Debenhams said he was not a shopper because \u201cwhat they sell in there is not anything that I would buy\u201d.<\/p>\n Debenhams, he said, \u201cwas not keeping up with modern times. When people were riding around on horses and carts they had an attachment to them, but then cars came along. Modern technology is driving this. Change is not always a bad thing. It is just different.\u201d<\/p>\n He suggested Debenhams\u2019 demise would could make way for more places to eat out and family entertainment \u2013 things that people want more of in Sheffield.<\/p>\n Nalin Seneviratne, director for city centre development at Sheffield city council, said no planning applications had yet been received for the site which was bought, as part of The Moor estate in February.<\/p>\n However, the new owners have indicated they could knock down the Debenhams building as part of a plan to build more than 1,000 rental homes and hundreds of student flats.<\/p>\n Seneviratne said he hoped there would be some \u201cexciting plans\u201d for the site. \u201cThis is a similar story up and down the UK. We like to take these closures as opportunities for fresh thinking, looking at how people use towns and cities and what cities can and should offer people in the future.<\/p>\n He pointed to the council\u2019s latest \u201cheart of the city\u201d redevelopment near John Lewis as an \u201cexciting opportunity\u201d that will bring in a new hotel and restaurant as well as \u201ca significant amount of independent businesses.\u201d<\/p>\n \u201cWe\u2019re a city that people visit for more than just its retail offer. I\u2019m excited for Sheffield\u2019s future.\u201d<\/p>\n