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Sports Direct’s owner Mike Ashley has reacted rather curtly to Debenhams decision to turn down his offer of investment as can be seen from the letter below. EXCLUSIVE: here’s the letter Mike Ashley sent Debenhams boss pic.twitter.com/a0B7kxFqhY — Ashley Armstrong (@AArmstrong_says) December 13, 2018 Obviously, things are not going well for any high street…
This year, High Streets are facing a make-or-break situation as shoppers are turning online for their Christmas and Black Friday shopping. The number of items bought in stores has fallen in the last three months. Non-food items (such as clothes and homeware) in store sales have dropped by 2 per cent, on the other hand,…
Due to increased annual loss Debenhams have decided to close 50 stores, this leaves about 4,000 jobs of their 27,000 (UK) employees at risk. The department store has lost almost £500 million in the last year, the closure of the 50 stores will be an act to try and save the company. The closures are…
Craig Taylor
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