Debenhams launches a closing down sale with up to 80% off in stores and online

DEBENHAMS has launched its closing down sale with up to 80% off clothing, homeware and Christmas gifts.

The 242-year-old retailer is clearing stock before shutting its stores for good after rescue talks to save its business failed.

Debenhams' final clearance comes as the troubled department store chain is to be liquidated after JD Sports pulled out of a potential deal.

JD Sports was the last remaining bidder for Debenhams, which has been in administration since April this year.

It means all of Debenhams' 124 stores will now disappear from the high street, although an exact date for when they'll close has yet to be confirmed.

It's understood the collapse of rescue talks is partly linked to the administration of Arcadia, which is the biggest operator of concessions in Debenhams stores.

The Sun understands that there won't be a single date for when shops will shut - instead, it'll depend on when stock runs out at each branch.

Debenhams, which is known for its Blue Cross sales, had already launched a 70% off "fire sale" earlier this month.

But it's now rebranded this as a "closing down" sale with discounts boosted to up to 80% off.