Description
Debenhams has closed today for the final time, leaving a massive hole in the High Street and also tragically 12,000 are losing their jobs.
Debenhams has been in administration and was sold to Boohoo, who have decided to just keep the brand name and website, however do not want any of the stores which Debenhams operated on the High Street.
This video takes a brief look at what it means when a business is in administration and what exactly a store that is closing down, where everything must be sold looks like.
A really sad day for retail and the High Street. Will another business fill its void or is this just a sign of the times as customers purchase more and more items online?