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Debenhams records FY loss - What the analysts say
2018-10-25 12:41:00| Daily apparel & textile news and comment - from just-style.com
British department store group Debenhams announced this morning (25 October) it is to shutter almost one-third of its store base - putting around 4,000 jobs at risk - amid what is understood to be the biggest loss in its 240-year history. The news, analysts say, is the starkest indication yet that the high street is floundering as, just a few years ago, it would have been unthinkable that retailers were planning on cutting staff levels ahead of Christmas. With the department store model seemingly "unfit" for purpose in today's retail environment, the brands set to thrive will be those agile enough to offer consumers flexible ways to shop and pay while those who refuse to move with the times will be left to suffer the consequences.
Tags: say
records
loss
analysts
Doom and gloom at Debenhams - What the analysts say
2018-10-25 12:41:00| Daily apparel & textile news and comment - from just-style.com
British department store group Debenhams announced this morning (25 October) it is to shutter almost one-third of its store base - putting around 4,000 jobs at risk - amid what is understood to be the biggest loss in its 240-year history. The news, analysts say, is the starkest indication yet that the high street is floundering as, just a few years ago, it would have been unthinkable that retailers were planning on cutting staff levels ahead of Christmas. With the department store model seemingly "unfit" for purpose in today's retail environment, the brands set to thrive will be those agile enough to offer consumers flexible ways to shop and pay while those who refuse to move with the times will be left to suffer the consequences.
Debenhams to close up to 50 stores amid record FY loss
2018-10-25 12:13:00| Daily apparel & textile news and comment - from just-style.com
Struggling British department store group Debenhams is to close up to 50 stores - nearly one-third of its store base - putting around 4,000 jobs at risk amid record annual losses.
Tags: close
record
stores
loss
Debenhams makes record annual loss and plans up to 50 store closures
2018-10-25 09:46:19| BBC News | Business | UK Edition
The troubled department store chain says it lost nearly 500m in the year to 1 September.
Tags: store
makes
record
plans
Debenhams 'seeks to close 50 stores' in radical overhaul
2018-10-24 21:28:58| BBC News | Business | UK Edition
Struggling department store chain will report a record 500m loss in its annual results on Thursday.
Tags: close
stores
seeks
radical
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