Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Coronavirus: Debenhams requests rent holiday from landlords

Debenhams has asked landlords for a five-month rent holiday, starting immediately, as it struggles to deal with the disruption caused by the coronavirus outbreak.

A spokesman for Debenhams said: “All retailers are facing unprecedented pressures from the current situation and we are managing our operations to minimise risks to colleagues and customers while, as far as possible, trading as normal.

“We have access to funding, supportive investors and an experienced leadership team that will take appropriate action to manage through this period.”

Retailers are facing declining footfall and sales as shoppers stay at home and avoid their local high streets. 

Fashion retailers including Anthropologie and Urban Outfitters have closed all global stores to help mitigate the spread of the virus.

Primark said the closure of stores across Europe could lead to a loss of £190m in sales over the coming month.

 

Readers' comments (3)

  • Call me a cynic but had Coronavirus not being prevalent, what are the chances they would be begging for a rent holiday?

    Unsuitable or offensive? Report this comment

  • No chance it’s a excuse for badly run retailers to blame something else for there failure of a business plan

    Unsuitable or offensive? Report this comment

  • This was nailed to happen anyway. The Coronavirus is causing immense stress and difficulty for businesses up and down the country. The Government must help the ones that run their businesses correctly and not the ones, such as Debenhams, who are an economic shambles.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.