New Debenhams CEO optimistic about store's future

The video discusses the impact of the internet on high street businesses, highlighting store closures in Watford, including Maplins, Toys R Us, and Poundworld. It focuses on Debenhams' strategy to overcome market challenges, contrasting it with the fate of BHS and House of Fraser. The future of department stores is debated, with a positive outlook for Debenhams, despite the current retail climate. The video concludes with the urgency for Debenhams to succeed during the upcoming Christmas season.

What is one of the main reasons for the decline in high street retail?

• Poor marketing strategies

• Lack of customer interest

• The rise of online shopping

• Increased rent prices

Which store is mentioned as having gone into administration before House of Fraser?

• Poundworld

• BHS

• Toys R Us

• Maplins

What strategy is Debenhams employing to address its financial challenges?

• Hiring more staff

• Increasing product prices

• Expanding physical stores

• Requesting rent reductions

Why does Debenhams believe it can succeed despite the challenges faced by department stores?

• It offers better customer service

• It has a unique product line

• It is growing its online presence

• It has fewer competitors

What is the significance of the upcoming Christmas season for Debenhams?

• It is a period to close underperforming stores

• It is crucial for the company's survival

• It is a time to launch new products

• It is an opportunity to expand internationally