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End of an era as Debenhams prepares to close for good tomorrow in Sheffield UK News

It will be the last act of the 242-year chain’s tumultuous decline.

Stores offered discounts of up to 80 percent as part of a final inventory clearance process.

At the Moor, store shelves were stripped with clothes on the floor as the Sheffield store was reduced to a messy sale before closing.

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In February, administrators said all 118 stores would close and 12,000 employees would be laid off.

Debenhams had been in and out of administration before FRP Advisory announced on December 1 that bailout talks had failed and that he planned to liquidate the company and sell all shares.

The final closure date was originally slated for the first quarter of this year, but was pushed back when the third lockdown was imposed in January and stores had to close.

Debenhams is one of the taller buildings on The Moor, but due to separate ownership it was not included in Aberdeen Standard Investment’s £ 120million overhaul of the shopping area and was shabby for years.

The top floor closed some time ago, reflecting the difficulties of the business.

The historic department store chain will permanently close its remaining 28 stores across the UK on Saturday after the company collapsed amid the fallout from the coronavirus pandemic.

It closed 21 of its sites across the UK for the last time on Thursday.

The retailer has suffered a decline in sales in recent years as shoppers shy away from traditional department store models.

However, the forced closure of sites during the pandemic was the final straw, leading the company to fall into administration weeks after the virus completely hit the UK.

The company then began its liquidation process earlier this year after failing to secure a bailout sale.

Debenhams, who employed more than 20,000 people before the pandemic, sold his brand and website to online giant Boohoo for £ 55million in January, but confirmed his physical activity would be shut down for good.

It reopened sites from April 12 after the reopening of essential retail businesses to free up inventory in its stores.

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This notice was published: 2021-05-14 19:14:26