Debenhams Group cuts US warehouse liabilities through sublease deal

Debenhams Group has completed the sublease of its former US distribution centre in Pennsylvania, reducing a “significant” future lease liability as part of its turnaround strategy.
The 1.1 million sq ft facility in Elizabethtown opened in August 2023 and operated for around 15 months before the group ceased operations there in November 2024, returning fulfilment of US orders to the UK.
The company said it has incurred approximately $124m in costs related to the site, including rent,