Debenhams plans to reopen 120 outlets with seven confirmed for permanent closure. The remainder of the company's stores are still at possible risk. Understanding the background to the dealIn March, Debenhams asked landlords for a five-month rent holiday due to the Covid-19 coronavirus pandemic. This followed the government ordering non-essential retailers to close for the duration of the UK lockdown. The retailer then filed for administration at the start of April for the second time in two years.
Debenhams described this administration period as a "light touch move" to protect it from legal actions from creditors. While the Covid-19 coronavirus pandemic is a large factor in Debenhams' downfall, there is also evidence that UK high streets have seen a prominent drop in consumers due to changing consumer habits and a shift in the retail landscape.