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Daily Record
Daily Record
National
Andrea Lambrou

Reprieve for Debenhams East Kilbride as store escapes closure 'hit list'

Debenhams in East Kilbride has escaped the company's first raft of store closures.

The struggling high street giant announced today 22 of the 50 stores it plans to close as part of a plans to revive the department store chain.

But East Kilbride's flagship Centre West outlet was not included on the firm's 'hit list'.

The retailer says the store closures will start next year and 1200 staff will be affected by the first phase.

The only Scottish store among those earmarked for closure is Kirkcaldy.

Earlier this month lenders to Debenhams took control in a deal which wiped out the investments of shareholders.

A last-gasp £200 million rescue offer from Sports Direct tycoon Mike Ashley for the ailing retailer, which has a store in the town’s Centre West, was rejected and administrators FTI Consulting LLP have been brought in to sell the group.

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The business, which employs 25,000 people across the country, requested its shares be suspended with immediate effect.

Once the 50 store closures are complete Debenhams will have around 116 stores in the UK.

Central Scotland Labour MSP Monica Lennon previously told the News the loss of the East Kilbride store would be a “massive blow” to the town in the wake of a number of high profile departures in what are worrying times for the dozens of staff employed there.

It comes amid difficult times for retailers with East Kilbride’s iconic Marks & Spencer due to close in the coming months, while the likes of BHS, Maplin and Aulds bakery have already shut up shop in the town centre.

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Debenhams also reported results for the 26 weeks to March. Sales at its UK stores fell 7.4 per cent, which it blamed on fewer shoppers heading to the High Street.

Terry Duddy, Debenhams executive chairman, said: "Debenhams has a clear strategy and a bright future, but in order for the business to prosper, we need to restructure the group's store portfolio and its balance sheet, which are not appropriate for today's much changed retail environment.

"Our priority is to save as many stores and as many jobs as we can, while making the business fit for the future."

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