Debenhams Closes U.K. Outlet Doors for Last Time, BBC Reports
Debenhams Plc is closing its remaining 28 outlets in the U.K. on Saturday, the BBC reported.
The department-store chain has been struggling for years as consumers shifted to online shopping and store visits declined. While online retailer Boohoo Group Plc purchased Debenham’s label and fashion sub-brands in January for £55 million ($77.5 million), the transaction didn’t include any inventory or outlets.
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