Debenhams to shut seven UK stores with loss of 422 jobs

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Debenhams has confirmed the closure of seven stores in England with the loss of 422 jobs after sliding into administration last week&period;<&sol;p>&NewLine;<p>The department store firm said it has agreed terms with landlords to continue trading at 120 of its 142 UK stores&period;<&sol;p>&NewLine;<p>It is understood the group is in ongoing talks over the remaining stores and is confident more deals will be secured in the coming days&period;<&sol;p>&NewLine;<p>Debenhams confirmed that it failed to reach agreement with landlords regarding seven stores which will not re-open after the current lockdown&period;<&sol;p>&NewLine;<p><&excl;--Ads1--><&sol;p>&NewLine;<p>These stores are located in&colon;<br &sol;>&NewLine;– Truro<&sol;p>&NewLine;<p>– Stratford-upon-Avon<&sol;p>&NewLine;<p>– Salisbury<&sol;p>&NewLine;<p>– Westfield&comma; West London<&sol;p>&NewLine;<p>– Warrington<&sol;p>&NewLine;<p>– Leamington Spa<&sol;p>&NewLine;<p>– South Shields<&sol;p>&NewLine;<p><&excl;--Ads2--><&sol;p>&NewLine;<p>The historic retail entered administration on April 9&comma; appointing FRP Advisory to oversee the process&comma; casting a shadow over the future of its 22&comma;000 staff&period;<&sol;p>&NewLine;<p>Stefaan Vansteenkiste&comma; chief executive officer of Debenhams&comma; said&colon; &OpenCurlyDoubleQuote;I’m delighted with the progress we are making with our landlord discussions which reflects the pragmatic view the vast majority of them are taking of the current market conditions&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We have agreed terms on the vast majority of our UK stores and talks are proceeding positively on the remainder&comma; positioning us to reopen these stores when Government regulations permit&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Regrettably we have been unable to reach agreement on seven stores and these will not be reopening&comma; and I’d like to express my thanks to our colleagues in these stores at what I know is a difficult time for everyone&period;”<&sol;p>&NewLine;<p>Last week&comma; it said its Irish business – which runs 11 stores with around 1&comma;400 staff – will cease trading as part of the administration&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ceefe0d1ac8">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ceefe0d1ac8'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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