Retail expert discusses Debenhams collapse

The video discusses the potential job losses at Arcadia Group, including Debenhams, due to economic challenges exacerbated by COVID-19. Debenhams, already struggling and in administration, faces redundancy for its employees as no buyers are interested. The pandemic has worsened pre-existing issues in the retail sector, leading to a predicted wave of job losses.

What is the estimated number of job losses at Arcadia and related stores?

• 10,000

• 15,000

• 25,000

• 30,000

Why is it particularly challenging for Debenhams employees to find new jobs?

• The job market is saturated.

• There are no job openings.

• It's a tough time to sell anything in the job market.

• They lack the necessary skills.

What was Debenhams' status before the COVID pandemic?

• It was thriving.

• It was in administration.

• It was expanding.

• It was newly established.

Which company showed interest in buying Debenhams but eventually pulled out?

• Nike

• Puma

• JD Sports

• Adidas

How did COVID affect the existing problems at Debenhams?

• It had no effect.

• It delayed them.

• It solved them.

• It exacerbated them.