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Debenhams to Close Up to 50 Stores, Take $660 Million Charge

Debenhams Plc took a one-time charge of 512 million pounds ($660 million) and will close as many as 50 stores as the British department-store chain struggles to avoid a collapse. Key Insights Department stores like Debenhams have been particularly hard hit by the shift to e-commerce, leaving the retailers with costly real estate and fewer…

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