Department store group Debenhams is cutting head office jobs as it seeks to put itself in shape for a turnaround and has secured two key trading locations that it had faced losing to Next.
Debenhams has not disclosed how many headquarters roles will be lost, but it is understood to be in the hundreds out of approximately 3,000 staff.
Debenhams fell into administration for the second time in a year as the coronavirus crisis forced the closure of stores. Bosses led by chair Mark Gifford hope to turn the retailer around including through operating efficiencies.
A Debenhams spokesman told Retail Week: “In the context of a retail industry undergoing profound change, the management team is working on the future shape of the group, with a view to seeking an exit from administration as a going concern.”
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 minutes before your account is updated.