UK retailers struggle on tall street and in shopping malls with falling revenue as shoppers move online
Debenhams is to carve jobs and consider more store closures after a poor festive trading period led to a major profits warning.
Shares in the department store dropped by 15% to 30p,the lowest level since the 2008 financial crisis, after it warned that sales of seasonal gifts and clothing had fallen despite heavy discounting. Continue reading...
Source: guardian.co.uk