Debenhams is set to reopen stores for one last time!
Yes, the British retailer, which was acquired by Boohoo for £55 million earlier this year, will be reopening its stores briefly next week to carry out a closing down sale.
The closing down sale is being seen as a part of Debenhams’ liquidation process.
Notably, Debenhams will not be reopening any of its stores in Scotland, while it plans to reopen 97 stores in England and Wales as lockdown gets lifted on 12 April (Monday).
It might be recalled that the Government of Scotland had earlier said that it may not open non-essential stores until 26 April 2021.
Once the stock in the stores is cleared, the retailer will permanently shut down the stores and leave the high streets forever.
The final stores are expected to be closed by 15 May 2021.
As per media reports, the final closing down sale will offer time-limited discounts, including up to 70 per cent discount on fashion and home products and up to 50 per cent discount on beauty and fragrance products.
With all of Debenhams stores closing down permanently, around 12,000 jobs are expected to be hit.
Also Read: Boohoo buys Debenhams for £55 million