Chalks
Winger
Of course it has to do with it , it’s a combination of both, if they could of traded this year then they would of lasted longer, had more chances to change their model etcDebenhams and Arcadia have nothing to do with Covid and is more to do with arrogance of owners not wanting to adapt (Green) or owning a business stuck in the 80's that no-one wants anymore (Department Stores / Debenhams).