Popular now
Debenhams Group returns to growth amid PLT recovery

Debenhams Group returns to growth amid PLT recovery

Currys appoints Fredrik Tønnesen as Group CEO

Currys appoints Fredrik Tønnesen as Group CEO

Inditex sales rise 5.8% after strong start to summer trading

Inditex sales rise 5.8% after strong start to summer trading

Debenhams announces 19 store closures

Debenhams announces 19 store closures

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Debenhams has announced the closure of 19 of its UK stores, resulting in 660 job losses.  

The department store, which entered administration in April last year, launched its CVA in the same month.

The closures are due to take place during the next fortnight, with stores closing from 11 January, according to a report by The Guardian. 

The store locations which are closing include:

Altrincham, Greater Manchester – 11 January

Birmingham The Fort – 11 January

Kirkcaldy, Fife – 11 January

Walton-on-Thames, Surrey – 11 January

Wandsworth, London – 11 January

Wolverhampton – 11 January

Chatham, Kent – 15 January

Great Yarmouth, Norfolk – 15 January

Slough, Berkshire – 15 January

Stockton-on-Tees, Co Durham – 15 January

Welwyn, Hertfordshire – 15 January

Witney, Oxfordshire – 15 January

Ashford, Kent – 19 January

Canterbury, Kent – 19 January

Eastbourne, East Sussex – 19 January

Folkestone, Kent – 19 January

Southport, Merseyside – 19 January

Southsea, Portsmouth – 19 January

Wimbledon, London – 19 January

Commenting on the closure, CEO Stefaan Vansteenkiste said: “We are working hard to implement the transformation of Debenhams. Despite a challenging retail environment, thanks to our colleagues’ hard work and our investor group’s commitment we are progressing with our turnaround.”

The news follows as Debenhams appointed Abigail Comber as its new chief marketing officer.

Comber will join Debenhams on 7 January. She has previously held positions at British Airways for 24 years.

She said: “I am delighted to be joining Stefaan and the team to help build a successful future for one of the UK’s best-known retail businesses.”

Previous Post
Aldi sales top £1bn amid ‘record’ Christmas 

Aldi sales top £1bn amid ‘record’ Christmas 

Next Post
Mountain Warehouse reports ‘record’ trading over festive period

Mountain Warehouse reports ‘record’ trading over festive period