1. ITV Report

Two Debenhams stores to close in North West

Photo: PA images

Two Debenhams stores in the North West are to close under plans to save the famous retail business.

Both Altrincham and Southport stores will close in 2020.

The company is closing as a many as 22 stores, putting 1,200 jobs at risk across the department store chain.

The group has announced a Company Voluntary Arrangement (CVA), which will see the affected shops continue trading until early 2020.

Further closures could still be announced following discussions with landlords. Meanwhile rent reductions will be sought on many of the remaining branches.

Full list of closures:

  • Altrincham
  • Ashford
  • Birmingham Fort
  • Canterbury
  • Chatham
  • Eastbourne
  • Folkestone
  • Great Yarmouth
  • Guildford
  • Kirkcaldy
  • Orpington
  • Slough
  • Southport
  • Southsea
  • Staines
  • Stockton
  • Walton
  • Wandsworth
  • Welwyn Garden City
  • Wimbledon
  • Witney
  • Wolverhampton

The issues facing the UK high street are very well known.

Debenhams has a clear strategy and a bright future, but in order for the business to prosper, we need to restructure the group's store portfolio and its balance sheet, which are not appropriate for today's much-changed retail environment.

Our priority is to save as many stores and as many jobs as we can, while making the business fit for the future.

– Terry Duddy, executive chairman of Debenhams