As Debenhams exits the high street, many of its former stores are being converted to non-retail uses. But there appears to be an opportunity opening up for the return of smaller department store operators.
New Look has won a crucial court fight, defeating a landlord challenge to its company voluntary arrangement with the landlords feeling they were unfairly treated by last year's CVA process for the retailer.
Debenhams will exit the UK high street for good on May 15 as the administrators close its remaining stores. The closures will end more than 200 years in which the company has been a major name in UK retail.
One of the most distinctive landmarks in central London retail is up for sale. The former Topshop flagship on Oxford Circus, the jewel in crown of the dismantled Arcadia Group empire, is valued at around £420 million.