Sun Club
THAT'S THE SPIRIT

Debenhams’ new store has a gin bar, as retailer tries to beat struggling high street

YOU will be able to sip a gin and tonic as you shop at Debenhams' newest store as it will feature a dedicated gin bar.

It will open at 11am everyday and close when the store does at 7pm on weekdays except Thursday when it will close at 9pm - so you won't be able to pop in for a late night tipple.

Advertisement
Debenhams' new flagship store in Watford will open this weekCredit: Debenhams

On Sunday it will close early at 5pm.

Debenhams' boss Sergio Bucher called the new flagship shop in Watford the "department store of the future" as it tries to overcome business troubles gripping the high street.

The retailer revealed earlier this year that it would close 10 stores and it has so far shut two, as reported by The Sun.

This year it has also cut 320 jobs and 90 jobs at its headquarters.

Advertisement
.

The new store will also stock 25 per cent fewer products than its other stores in an attempt to improve its customer service.

At a launch event for the new store on Monday night, Mr Bucher said: "I know that we have a lot of space but if you’re able to use that space to create exciting things, to present your product better and to create destinations, I think that we can make shopping fun again."

The new store has a beauty mini bar where you can try and buy itemsCredit: Debenhams
Advertisement

Mr Bucher said the department store's troubles had been "exaggerated" - but the chain has been struggling this year.

Debenhams issued three profit warnings this year, which it has blamed on "increased competitor discounting and weakness in key markets".

The retailer now expects full-year pre-tax profits to come in between £35m and £40m, down from previous estimates of £50.3m.

Its troubles come months after House of Fraser, another staple UK department store chain, collapsed into administration until it was bought out by Mike Ashley, the owner of Sports Direct.

Advertisement

More on Money stories

CHOC LOT
Cadbury confirms chocolate bar featuring iconic biscuit is coming to shops
CLOSING TIME
Popular homeware store to shut after eight years in blow to the high street
TOY JOY
Tesco shoppers go wild for adorable Jellycat dupes - and they’re over £20 cheaper
ON A ROLL
Full list of 150 Greggs branches you can get new menu 'that's better than KFC'

The slump in Debenhams' profits has also sparked rumours that Sports Direct could takeover the chain, as it already owns a 29.7 per cent stake.

Mr Bucher said on Monday night that the firm was in talks with Mr Ashley to develop womenswear sports areas in some of its stores.

He also said that Debenhams is in the second year of a "turnaround" plan and that he will share details on how the business is going to turn its fortunes around when it publishes its annual results on October 25.

Asda launches foot-long pig in blanket – and it’s bigger than Aldi’s


We pay for your stories! Do you have a story for The Sun Online Money team? Email us at money@the-sun.co.uk or call 0207 78 24516. Don't forget to join the for the latest bargains and money-saving advice.

Advertisement

Topics
Advertisement
machibet777.com