Growing alarm about future of UK shopping streets as Debenhams and Arcadia fall
On Wednesday, Bonmarche became the latest retailer to file for insolvency, placing 1,500 jobs and more than 225 shops at risk
02 December 2020 - 16:20
London — Most of England’s retailers are emerging from lockdown, with just more than three weeks left until Christmas and the outlook for the industry looking far worse than before they closed their doors a month ago.
While the shutdown may have helped contain the spread of Covid-19, it dealt a hammer blow to stores during their most lucrative period of the year. Debenhams and Philip Green’s Arcadia Group, two of the biggest retail brands, collapsed this week, putting 25,000 jobs at risk in an industry that was already on track to cut more than 200,000 positions this year...
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