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VIDEO: Debenhams to shut up to 50 stores as 4,000 staff face redundancy

Debenhams has unveiled plans to axe up to 50 high street shops, putting around 4,000 jobs at risk, as the struggling department store chain swung to a near £500 million loss. The group said the closures will take place over a three- to five-year period and the announcement comes alongside a dire set of financial figures.

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