Debenhams may have to shut branches in Wales unless the government changes its stance on business rates.
The Welsh government has changed its stance on rates relief. It had been offered to all businesses by chancellor Rishi Sunak, but in Wales the threshold for eligibility was changed in order to support small businesses, the BBC reported.
But Debenhams chair Mark Gifford warned that the decision jeopardises the future of branches in Cardiff, Llandudno, Newport, Swansea and Wrexham.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.