Debenhams in crisis: the good news for shoppers

Sarah Coles
Debenhams stock
Debenhams stock

Debenhams had a shocker of a Christmas. They alarmed the markets on New Year's Eve, by announcing that profits for the festive season would be far lower than last year - and lower than anyone had expected. Now the company's finance director has resigned, and there are questions about what the future holds.

So is this terrible news for the high street, or could it be good news for shoppers?