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Thread: Debenhams

  1. #17
    Super Moderator rebbonk's Avatar
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    It is, Lex. My heart goes out to the employees.
    Of course it'll fit, you just need a bigger hammer.

  2. #18
    Administrator Lex's Avatar
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    Another 12,000 in the dole queue; it's going to be a long haul to get the economy back to where it was 12 months ago.

  3. #19
    Super Moderator rebbonk's Avatar
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    I think we're only seeing the tip of a very big iceberg, Lex. There will be a lot more pain after Christmas.

    Whilst many are conveniently blaming covid on this, the accountancy profession must take some blame. It was accountants that pushed many companies into selling and then leasing back properties in order for short term gains on the balance sheet. Many of us saw potential issues with this at the time.
    Of course it'll fit, you just need a bigger hammer.

  4. #20
    Administrator Lex's Avatar
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    It's already happening in Stratford. I've spotted 2-3 shops that look like they've closed down for good, and another with 'Closing Down' signs in the window.

  5. #21
    Super Moderator rebbonk's Avatar
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    As rents fall due they'll fall like nine-pins.

    What is going to be interesting is how the government try to prop up the property market.
    Of course it'll fit, you just need a bigger hammer.

  6. #22
    Administrator Lex's Avatar
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    Coventry Debenhams is on its way out too: https://www.coventrytelegraph.net/ne...nhams-19509717

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