Debenhams now closing stores.

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Waltonwatcher
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Debenhams now closing stores.

Post by Waltonwatcher » Wed Oct 24, 2018 10:11 pm

https://www.bbc.co.uk/news/business-45972428

Debenhams to close 50 of it's 166 stores. (Almost 1 in 3 stores.) So far Carpetright, Homebase and H and M in Walton have survived nationwide store closures. Hopefully Debenhams can too. Walton is in a wealthy area. Walton's biggest issue has always been the High Street. Albeit it looks like Pizza Hut could be moving there if rumours are true. Same for Aldi moving into Carpet Right site. No sign that the planning for the Boots/Whsmith site has been approved. Plenty of objections to that planning application.

I think if Debenhams were to close Primark might move in. Let's see what happens. Not sure what real competition Debenhams has in Walton. There is no primark, House of Fraser, M&S (Clothes) or other big store. So maybe it will make the cut. It's unclear how many years Walton's Debenhams might have on it's lease.

Guess they will keep most open till Christmas. Results are out tomorrow.

It's fair to say the High Street in general is struggling and rates and rent are forcing many to close.
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Re: Debenhams now closing stores.

Post by airwaves » Thu Oct 25, 2018 9:38 pm

I'd be quite happy for them to be replaced by another clothing store, as they as they sell men's clothes. Never been into our Debenhams apart from ask once where the men's clothes are. Waste of space
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Re: Debenhams now closing stores.

Post by John at Walton » Fri Oct 26, 2018 9:59 am

They say it is a three-five year programme to close these failing stores and will not start till after Christmas.

Mr Bucher said in a statement that the additional 40 stores earmarked for closure were "currently contributing positively" to the business,
but added: "However, rolling forward current trends,
We do not believe they will remain profitable in future years and therefore we intend to exit these stores over the next 3-5 years
Waltonwatcher
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Re: Debenhams now closing stores.

Post by Waltonwatcher » Fri Oct 26, 2018 7:22 pm

I guess the 2-3 year delay is good news. I suspect the Walton branch could be doing very well.

Gourmet Burger Kitchen are closing 17 branches. 17/80 branches. So this could impact Walton. See what happens.

It really could be a lot worse than it is right now. Many shops in Walton have been spared closure so far. Plus we know Aldi would love to come back if they can find the right unit.
John at Walton
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Re: Debenhams now closing stores.

Post by John at Walton » Mon Oct 29, 2018 4:33 pm

Business rates have been cut during the budget:-

The Chancellor promises to help small shops by cutting business rates by a third for all retailers in England with a rateable value of £51,000 or less.
That will mean an annual saving of "up to £8,000 for up to 90% of all independent shops, pubs, restaurants and cafes".
Mr Hammond announces £675m of co-funding to create a "Future High Streets Fund" to support councils to draw up plans for the transformation of their High Streets.
Mr Hammond says this will allow them to invest in the improvements they need and to facilitate redevelopment of under-used retail and commercial areas into residential.
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Re: Debenhams now closing stores.

Post by Waltonwatcher » Tue Oct 30, 2018 5:41 pm

One thing that could happen. They are still looking at libraries and more homes on the high street. How long before the likes of Aldi look at Weybridge library site? Knock it down. Builds some housing too. Offer Library on 2nd or 3rd floor. Aldi store with huge amounting of parking too. There was talk to move Weybridge Registrar office above it. When they rebuilt the Heart the library was moved to higher floors. Overall some kind of reductions are 100% coming be it Weybridge or Walton. Sell off sites for millions in partnership with other firms.

'SCC says that fewer people are visiting libraries in Surrey, a 25% drop in visits since 2010 and a rise in the use of online services.

The five proposed principles to ensure services thrive in the future are:

That libraries are most effective in partnership with other organisations in shared spaces or hubs;
That new technology could offer 24/7 access;
That libraries enable people to learn and access information;
That they strengthen communities – particularly for the most vulnerable; and

That volunteers are crucial to libraries and gain skills through their work with them.

The consultations open on Tuesday (October 30) and close on Friday, January 4 2019. They can be found '
John at Walton
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Re: Debenhams now closing stores.

Post by John at Walton » Wed Oct 31, 2018 11:43 am

As long as they put Elmbridge Museum back - I have no objections!

There was talk to move Weybridge Registrar office above it.
Would anyone want a Civil Partnership their - much better at Oatlands!!

I thought that some bright spark had wanted to close Weybridge Library and transfer to Walton on Thames!
(that's been on the agenda before!!)

All the the council want to do is off load libraries to the private sector judging by the comments you say SCC have made.
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Re: Debenhams now closing stores.

Post by Waltonwatcher » Thu Nov 29, 2018 8:06 am

Interestingly Walton is the 6th most used libraries in Surrey. So maybe they will look to close the less used ones and encourage locals to travel 1-2 miles for nearby ones?

https://www.getsurrey.co.uk/news/surrey ... s-15455627

https://www.surreycc.gov.uk/__data/asse ... an-Mar.pdf

That being said Weybridge had over 19k visits Jan-Mar 18. This is likely not the latest report. This compares favourably to other local libraries with many loaning out much fewer books. I still think the site could be modernised with a major retailer on the ground floor.
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