Skip navigation

Gloucestershire Business News

Leading department store chain set to close branches

Debenhams, the department store group, could close up to ten of its 176 UK outlets over the next five years.

Debenhams, which has a major store in Kings Square, Gloucester, has not announced which branches may be affected.

It says the review is part of a new strategy aimed at boosting its appeal as a "destination" shop and improving its online offering.

Debenhams is also looking at the closure of a central distribution warehouse and about 10 smaller warehouses. Some 2,000 staff will be moved from back-of-house activities to customer facing roles.

The company's half-year pre-tax profits were down 6.4 per cent to £87.8million.

Sergio Bucher, Chief Executive of Debenhams, said: "Our customers are changing the way they shop and we are changing too. Shopping with Debenhams should be effortless, reliable and fun whichever channel our customers use.

We will be a destination for "Social Shopping" with mobile the unifying platform for interacting with our customers.

"If we deliver differentiated and distinctive brands, services and experiences both online and in stores, our customers will visit us more frequently and, having simplified our operations to make us more efficient, we will be able to serve them better and make better use of our resources."

He said the company was working hard to implement the new strategy.

"This will set Debenhams on course for a successful and profitable future," he said.

Punchline understands there is no suggestion that Debenhams, Gloucester is affected by the review. The store is a key part of the city's shopping experience and brings in visitors from far and wide.

Related Articles

Cashpoint thieves leave trail of havoc in Cotswolds

The scene of destruction today after thieves ripped out a bank's ATM machine - and brought a building crashing down.

Click here for more details

SuperGroup's Nigel Jobson among the experts at 2017 Gloucestershire Business Show on 17-18 May

A leading member of the acclaimed SuperGroup team will share knowledge and engage in discussions with business delegates at the 2017 Gloucestershire Business Show.

Click here for more details

What's On: Castle comes alive for Victorian May Day

Go back in time to celebrate May Day this weekend as Sudeley Castle steps into the Victorian era.

Click here for more details

Major banks see rise in profits

Royal Bank of Scotland saw its first quarterly profit since the third quarter of 2015.

Click here for more details

Copyright 2017 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.