22m sq ft at risk as high street woes continue

Debenhams and House of Fraser were this week formally added to the list of high street retailers whose financial woes could be compounded by administration and store closures in 2018.

Together, the department store chains have a portfolio of more than 22m sq ft, according to EG’s Radius Data Exchange figures.

House of Fraser drafted in advisers to examine options for accelerating its restructuring yesterday.

Its Chinese owner Sanpower has appointed KPMG to explore the possibility of a CVA, months after it informally asked store landlords to substantially cut its rents.