Find in the news:
BY COUNTRY

Debenhams chain of department stores will be liquidated



The retailer decided the day after the bankruptcy of the primary tenant - the owner of Topshop brand.
Debenhams store - Depositphotos

Debenhams department stores were the iconic retail spaces of the U.K. and others since the late 18th century. However, like many retailers, the company does not seem to survive the pandemic. It has officially become known that the Debenhams chain of department stores will begin complete liquidation after the Christmas holidays. Debenhams' first closures are expected as early as 2021, and by the end of March, all department stores at the chain will be closed.

The decision to close the chain, which has 124 stores and employs 12,000 people, was announced the day after Arcadia's bankruptcy. This company owns such a famous brand as Topshop. The brand's stores were anchor tenants in many of Debenhams' department stores. It is estimated that Arcadia sold around £100 million worth of goods annually through Debenhams' trading platforms.

It was one of the last drops for Debenhams to make a tough decision. Back in the summer, the network went into external administration due to the difficult financial situation and tried to find buyers. In particular, negotiations were held with the company J.D. Sports. However, these attempts have not yet been successful. 

It is expected that large networks, including Next and Marks & Spencer, will show interest in Debenhams' most exciting objects. Probably, some trading spaces will be able to be kept in the same form. However, many of the department stores may be divided into smaller stores or converted for other purposes.

Due to the imminent liquidation, Debenhams is organizing a mass sale of goods starting from December 2. It was made possible because stores in England were available for the first time in four weeks of lockdown.


More about shopping malls in the United Kingdom



DAY BEFORE YESTERDAY, USA:
Simon Property Group has reported 80% revenue growth compared to June 2020.
DAY BEFORE YESTERDAY, USA:
The introduction of a tax would address several issues related to the growing consumption of animal meat.
Jul 29, 2021, USA:
Tesla stores are leaving mallsThe electric car maker is taking another blow to the position of malls that are losing tenants one-by-one.
Jul 29, 2021, Estonia:
The initial value of the 55,000 sq.m. complex is €85 million.
Jul 28, 2021, United Kingdom:
Two years after Philip Morris announced its plans to expand the British chain, it has become known of its intention to close it completely.
Jul 28, 2021:
Those who have not been vaccinated will not access public spaces, such as government offices, restaurants, and shopping malls.
Friend
and Follow
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us