Nuneaton’s major Debenhams store looks set to close after the historic retailer announced it was set to enter liquidation.
The firm has been based in the prominent building in Bridge Street for the past 48 years.
Debenhams had been in administration since April but hopes for the future were dashed when the last remaining bidder, JD Sports, withdrew from negotiations.
It is now set to enter liquidation, while continuing to seek offers for all or parts of the business.
Generations in Nuneaton will mourn the potential loss of Debenhams, which took over from what was then the J.C Smiths building in 1972.
It has become a go-to place for generations of people from not just across Nuneaton but much further afield.
The huge department store was not just a place they went shopping but the cafe was also popular as a place for people to meet up.
Also, when the public loos in town were closed, parents and carers regularly used the toilets in the cafe as a place to take their children.
News that the 242-year-old national chain is to close all stores is likely to lead to a number of job losses in the town.
It also marks the loss of Nuneaton’s last remaining department store after the Co-op closed.
Across the company’s 124 stores nationally, 12,000 employees are affected.
The news comes just hours after Topshop owner Arcadia fell into administration, putting 13,000 jobs at risk.
Other town centre news
News about the potential loss of Debenhams comes at a time when the town centre is about to welcome some new faces.
As we reported in our newsletter, Egg Free Cake Box is set to take up a unit in the Ropewalk Shopping Centre.
Sports giant JD Sports has confirmed it still intends to come to town – but has had to delay its opening until next Easter.
Barclays is also set to move its branch into the prominent, Queens Road-facing unit.
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