In dark day for UK retailing, 242-year-old Debenhams to shut

A man wearing a face mask walks past the Debenhams flagship department store on Oxford Street, during England's second coronavirus lockdown in London, Tuesday, Dec. 1, 2020. In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business after a potential buyer of the company pulled out, a move that looks like it will cost 12,000 workers their jobs. (AP Photo/Matt Dunham)

A woman wearing a face mask walks past the Debenhams flagship department store on Oxford Street, during England's second coronavirus lockdown in London, Tuesday, Dec. 1, 2020. In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business after a potential buyer of the company pulled out, a move that looks like it will cost 12,000 workers their jobs. (AP Photo/Matt Dunham)

The Debenhams name is displayed at the Debenhams flagship department store on a side street off Oxford Street, during England's second coronavirus lockdown in London, Tuesday, Dec. 1, 2020. In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business after a potential buyer of the company pulled out, a move that looks like it will cost 12,000 workers their jobs. (AP Photo/Matt Dunham)

The Debenhams name is displayed between the pillars of another building at the Debenhams flagship department store on a side street off Oxford Street, during England's second coronavirus lockdown in London, Tuesday, Dec. 1, 2020. In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business after a potential buyer of the company pulled out, a move that looks like it will cost 12,000 workers their jobs. (AP Photo/Matt Dunham)

People wearing face masks walk past the Debenhams flagship department store on a side street off Oxford Street, during England's second coronavirus lockdown in London, Tuesday, Dec. 1, 2020. In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business after a potential buyer of the company pulled out, a move that looks like it will cost 12,000 workers their jobs. (AP Photo/Matt Dunham)

People wearing face masks walk past the Debenhams flagship department store on Oxford Street, in London, Tuesday, Dec. 1, 2020. In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business after a potential buyer of the company pulled out, a move that looks like it will cost 12,000 workers their jobs. (AP Photo/Matt Dunham)

A worker adjusts a window display at the Debenhams flagship department store on Oxford Street, in London, Tuesday, Dec. 1, 2020. In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business after a potential buyer of the company pulled out, a move that looks like it will cost 12,000 workers their jobs. (AP Photo/Matt Dunham)

Staff prepare the front window of the AllSaints clothing store on Regent Street, in London, ahead of non-essential shops being allowed to open again tomorrow as England's second coronavirus lockdown is due to end, Tuesday, Dec. 1, 2020. In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business after a potential buyer of the company pulled out, a move that looks like it will cost 12,000 workers their jobs. (AP Photo/Matt Dunham)

A woman wearing a face mask walks past the Debenhams flagship department store on Oxford Street, during England's second coronavirus lockdown in London, Tuesday, Dec. 1, 2020. In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business after a potential buyer of the company pulled out, a move that looks like it will cost 12,000 workers their jobs. (AP Photo/Matt Dunham)

A woman walks past the Debenhams flagship department store on Oxford Street, during England's second coronavirus lockdown in London, Tuesday, Dec. 1, 2020. In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business after a potential buyer of the company pulled out, a move that looks like it will cost 12,000 workers their jobs. (AP Photo/Matt Dunham)