Debenhams to keep another three stores closed in England
Debenhams is not reopening three stores when lockdown restrictions on non-essential businesses are lifted next week.
The department stores are in Gateshead, Milton Keynes and Watford, in shopping centres owned by troubled retail landlord Intu Properties PLC (LON:INTU).
READ: Debenhams to reopen stores in Northern Ireland and England
“Sadly we have been unable to agree terms with the landlord,” Debenhams told the BBC.
“As a result these stores will not be re-opening in line with the rest of the chain next week.”
Longer term, it's hard to see how a retail-dominated centre the vast size of Metrocentre can remain viable. Maybe it will shrink over time, though it's arguably easier to repurpose space in a town or city centre – which by its nature always evolves – than at an out-of-town mall. pic.twitter.com/HT5d350mgA
— Graham Soult FIPM (@soult) Read More – Source
