HUNDREDS of jobs are at risk after Debenhams announce plans to review up to ten stores and close 11 warehouses.
The new boss of department store chain Sergio Bucher has unveiled plans this morning which will impact at least 220 jobs.
Debenhams have not announced the list of stores that will be under review over the next five years.
Sergio Bucher, who took over as chief executive last October, outlined an overhaul that will see the group shut one of its three distribution centres run by DHL, 10 smaller in-house warehouses and potentially axe up to 10 of its 176 stores over the next five years.
Debenhams currently have stores in Magadalen Street in Oxford, Marriotts Walk in Witney and in the Castle Quay shopping centre in Banbury.
A Debenhams spokeswoman said: "Debenhams’ CEO announced its interim results and future strategy this morning, which includes looking at the store estate.
"Whilst it is stated that up to 10 stores will be considered for closure over the next five years, there will not be any immediate implications for any of the stores. At the same time, we continue to open a small amount of stores in selected locations."
Details of the plans came as the group announced a 6.4 per cent drop in pre-tax profits to £87.8 million for the six months to March 4.