LONDON, Aug 11 (Reuters) - Struggling British department
store Debenhams is to cut 2,500 jobs, saying it had to align its
store costs with realistic trading expectations during the
COVID-19 pandemic.
“We have successfully reopened 124 stores, post-lockdown,
and these are currently trading ahead of management
expectations," it said in a statement on Tuesday.
"At the same time, the trading environment is clearly a long
way from returning to normal and we have to ensure our store
costs are aligned with realistic expectations."
The latest job cuts were first reported by The Sun.
(Reporting by James Davey; editing by Stephen Addison)