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Data shows areas hit hardest by Debenhams CVA

The south-east of England would be hardest hit by the loss of the local Debenhams combined with other retail store closures in the coming months, research compiled for Drapers by the Local Data Company (LDC) has found. 

Debenhams has proposed a company voluntary arrangement (CVA), which if approved would result in 22 store closures in early 2020. 

The stores are located in Altrincham, Ashford, Birmingham Fort, Canterbury, Chatham, Eastbourne, Folkestone, Great Yarmouth, Guildford, Kirkcaldy, Orpington, Slough, Southport, Southsea, Staines, Stockton, Walton, Wandsworth, Welwyn Garden City, Wimbledon, Witney and Wolverhampton.

LDC looked at which of these are at risk of multiple store closures resulting from other retail CVAs and store closure programmes, including the shrinking store estates of Arcadia Group, House of Fraser, Monsoon Accessorize and Ann Summers.

It found that the south-east of England is at highest risk: out of the 22 Debenhams closures, 12 are based in the region.

Southsea in Portsmouth is facing the highest risk in the south-east – nine retail stores could close within a 3km radius of the Debenhams branch, LDC found. 

Six retailers are at risk of closing within a 3km radius of the Debenhams stores in Eastbourne, and Canterbury in Kent. 

The region in the UK facing the second-highest risk of several retail store closures is Greater London. Six stores near the Debenhams in Southside shopping centre in Wandsworth are at risk of closing.

Folkestone high street, Nugent Shopping Park in Orpington, County Square shopping centre in Ashford and the Queensmere shopping centre in Slough, are at lowest risk of multiple store losses. None of these locations, which all face Debenhams closures, have an at-risk retailer within 3km of the department store.

Lucy Stainton, head of retail and strategic partnerships at LDC, said: “There are a few smaller high streets which are more vulnerable to Debenhams closures, as our latest analysis has shown.

“The challenges of finding an alternative occupant for such large floor space sites are significant, and this will be further heightened for less-prime locations, indicating that some sites may struggle to refill a vacant unit of this scale.”

RegionDebenhams towns facing closureCentre nameCentre typeAt-risk retailers in 3km radiusAt risk retailers (3km radius)
South East Southsea - High street (small) 9 Accessorize (1), Ann Summers (1), Topshop (1), Burton Menswear (2), Dorothy Perkins (2), Evans (2)
South East Eastbourne - High street (large) 6 Accessorize (1), Burton Menswear (1), Dorothy Perkins (1), Monsoon (1), Topshop (1), Wallis (1)
South East Canterbury - High street (large) 6 Accessorize (1), Ann Summers (1), Burton Menswear (1), Dorothy Perkins (1), Monsoon (1), Topshop (1)
Greater London SW18 Southside Wandsworth  Shopping centre 6 Monsoon (1), Topshop (1), Accessorize (4)
East Of England Welwyn Garden City - High street (small) 5 Accessorize (1), Burton Menswear (1), Dorothy Perkins (1), Monsoon (1), Topshop (1)
South East Guildford - High street (large) 5 House of Fraser (1), Monsoon (1), Topshop (1), Accessorize (2)
West Midlands Wolverhampton Mander Centre Shopping centre 5 Burton Menswear (1), Dorothy Perkins (1), Evans (1), House of Fraser (1), Topshop (1)
South East Staines - High street (small) 4 Accessorize (1), Ann Summers (1), Monsoon (1), Topshop (1)
South East Witney Marriotts Walk Shopping Centre Shopping centre 4 Accessorize (1), Dorothy Perkins (1), Monsoon (1), Wallis (1)
North West Altrincham Stamford Quarter Shopping centre 3 Accessorize (1), House of Fraser (1), Monsoon (1)
Greater London SW19 Centre Court Shopping Centre Shopping centre 3 Accessorize (1), Ann Summers (1), Monsoon (1)
Scotland Kirkcaldy - High street (large) 2 Burton Menswear (1), Dorothy Perkins (1)
South East Chatham - High street (medium) 2 Burton Menswear (1), Dorothy Perkins (1)
South East Walton-On-Thames The Heart Of Walton Shopping centre 2 Accessorize (1), Monsoon (1)
North East Stockton-On-Tees Wellington Square Shopping Centre Shopping centre 2 Evans (1), Outfit (1)
North West Southport - High street (large) 1 Outfit (1)
West Midlands Birmingham The Fort Shopping Park Retail park 1 Dorothy Perkins (1)
East Of England Great Yarmouth Market Gates Shopping Centre Shopping centre 1 Outfit (1)
South East Folkestone - High street (medium) 0  
Greater London Orpington Nugent Shopping Park Retail park 0  
South East Ashford County Square Shopping Centre Shopping centre 0  
South East Slough The Queensmere Shopping Centre Shopping centre 0  

 

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