So much for the Tory mismanagement of our country! Step down Conservative Party!

Debenhams confirms 50 stores will shut as 4,000 staff face redundancy

The future of stores in Walsall, Wolverhampton, Merry Hill and Birmingham is in doubt.

Debenhams has unveiled plans to axe up to 50 high street shops, putting around 4,000 jobs at risk, as profits plunged at the struggling department store chain.

The group said the closures will take place over a three to five-year period and the announcement comes alongside a dire set of financial figures.

Debenhams has stores in Wolverhampton, Walsall, Merry Hill, Kidderminster, Lichfield and at the Bullring in Birmingham.

Debenhams at the Merry Hill shopping centre in Birerley Hill

Wolverhampton South East MP Pat McFadden said this morning: “This is obviously concerning as Debenhams is the anchor tenant in the revamped Mander Centre.

“The investment that brought them here was very important to the city. The High St is really hurting in retail terms as we have seen from the difficulties of a number of chains. We have to hope that the Wolverhampton store will be OK.”

So much for the end of austerity!

aaa332

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s