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Debenhams may cut 50 stores after £492m annual loss

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The struggling department store chain reports the biggest loss in its history and plans that could result in up to 4,000 job cuts.

Debenhams currently has 240 stores in over 25 countries
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Debenhams currently has 240 stores in over 25 countries

Debenhams has confirmed a story by Sky News that it plans to close up to 50 stores after booking a mammoth annual loss to clear the decks for a turnaround.

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