Beleagured Debenhams set to close ten stores

Company's shares plunge more than six per cent after it reports drop in profits

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(Image credit: Getty)

Department store Debenhams could "close up to ten stores and 11 warehouses" as part of a new turnaround plan, says The Guardian.

It could also exit several "non-core" international markets, reducing its current footprint of 82 stores around the world, adds the BBC.

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