It's the second major blow to the retail sector in the space of 24 hours.

Arcadia, the owner of Top Shop, went into administration last night.

Now Debenhams had already cut 6.5 1000 jobs in recent months after the group went into administration on the separate news about Arcadia, with brands like Top Shop and Miss Selfridge put 13,000 jobs at risk.

For now, Debenhams 124 stores on its online business will stay open, but liquidators are moving in tomorrow to start to clear the stock on def.

No other offer is made that stores will close by the end off March next year.

Our business correspondent, Emma Simpson, has more details.

Debenhams, a big part of Bristol for half a century anchor stores in so many over towns and cities like Brighton.

I think it's really sad.

I used to work for them in a long time ago and on the corner here in Leeds, but for how much longer we won't have any shopping centers left.

We'll have no town centers left when everybody shops online in Edinburgh today, nostalgia from younger shoppers to girls who bought the problem dresses there.

So it's just it's memories.

No, I mean and staff arriving for work to find out that when the doors open tomorrow, the stock starts to be cleared.

Liquidation on a closing down sale.

I think it's been like a long, slow decline for Debenhams has not really changed.

It's been a constant presence through the decades, but it's problems have been many years in the making.

Two was incredibly sad day.

I really feel for the teams involved.

Sir Ian Cheshire was chairman months before Debenhams went into administration last year on, then limped on, controlled by its lenders.

If you're caught with a lot of fixed costs, long leases, you can't adapt, then you're likely to be one of the casualties.

It basically ran into the straitjacket of its debts and its store long leases, but the pandemic tip Debenhams into administration again during locked down JD Sports had been closing in on a rescue deal, but they got cold feet and pulled out this morning, the last remaining bidder.

In a statement, the administrator said The economic landscape is extremely challenging on, coupled with the uncertainty facing the UK retail industry.

Ah, viable deal could not be reached.

The administrators.

Absolute priority in a situation like this is to try and get the best possible return to the creditors.

Therefore, the total focus will be on that.

Sadly, that doesn't mean a long term focus to keeping those stores open, not even being able to preserve jobs.

All they can really do now is focus on getting as much money for the stocking stores as possible.

In many ways, this is the worst week for high street retail that we've ever seen.

It's not just the 25,000 jobs on the line.

It's the role these stores play, especially in smaller times.

Pandemic has created nightmare conditions for our strongest traditional retailers.

Now the weaker ones are falling by the wayside.

Dozens of brands have already gone under.

Some have disappeared from the high street altogether.

Debenhams is now preparing for its last ever Christmas.

All its stores are set to close by March next year unless an alternative last minute offer is received Emma Simpson.

BBC News With me is our business editor Simon Jack Simon has been a pretty brutal couple of days in terms of the high street and retail.

What would you say to viewers who want to know what your view of the kind of landscape is out there?

Well, it has been a gruesome couple of days a couple of week, and it's only Tuesday.

Listen, it's always been a viciously competitive market.

High street retail.

Emma was talking about there.

The names have gone Yeager, Mothercare map.

Prinz, you know you name it Toys R Us.

All of them have had near death experiences or disappeared completely.

But the difference here is that the covert pandemic has been ruthless in seeking out those companies which I have got a week offering or weak finances.

So we're seeing this all happen at once.

Now it's easy to say we're looking at a retail apocalypse, but that's not quite true.

There are those out there who are weathering the storm people like next to still making profits.

John Lewis are battening down the hatches Prime Ark and Zara when they're allowed to open doing so.

It's not the end off the road for High street retail, and it's not impossible that people like Mike.

Actually, the other sports direct might come in and buy some of these stores and save some off these jobs.

But I think the real problem here is on those jobs for those people losing them.

Where are they going to go?

There are no new high street retail jobs to go to, and that is particularly damaging for younger workers on for female workers.

That's a very bleak outlook.

And that's something that this government programs try and retrain workers.

That's a real challenge for them.

Thanks once again, Simon Jack, our business editor.