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Retail & Consumer

Liverpool ONE bosses confident for future of city's high street despite Debenhams and Arcadia collapse

Liverpool is becoming the first port of call for firms looking to launch a product outside of London

Debenhams in Liverpool city centre(Image: Julian Hamilton/Daily Mirror)

Bosses at Liverpool ONE are confident for the future of the city's most popular shopping centre - despite a day of national retail turmoil that has seen tens of thousands of jobs put at risk at Debenhams and Arcadia.

Donna Howitt said executives at the company were not surprised by the news Debenhams stores across the country are set to close, with the future of Topshop also at risk - two retail giants with a huge presence in the city centre.

She said the challenge now is how quickly the city can respond to it - but that there is "light at the end of the tunnel".

That's because while big brands may start to "disappear" from the high street, there are various other online-based companies looking for a physical presence. That's especially the case in Liverpool, she said, with companies looking to the city as the first port of call to launch their product outside of London.

Speaking at an online webinar on Tuesday, hosted by Invest Liverpool entitled 'The City at the Forefront of the º£½ÇÊÓÆµ's Economic Recovery', she said rather than online "killing off" the high street, the two will now work together.

Ms Howitt, director of marketing and communications at the centre, said: "What Covid has done is fast forward - sped things up by a significant amount of time.

"Would we say we're surprised by some of the news that is coming out? No, I don't think anybody would say that they're surprised by it. It's just how quickly we can respond to it.

"There are brands that are choosing Liverpool over and above other cities, and recognising it has built a real reputation for doing things differently, for standing up to a challenge, pulling together, and the challenges that we will face. Nobody wants to see large, open spaces vacant within the city centre - that's not what we're about at all. The ability to react to those challenges I think is absolutely there."