Debenhams future is on the line after JD Sports pulled out of talks on a rescue takeover, placing 12,000 jobs at risk.

The decision was taken after a sale process, initiated by administrators after the troubled 242-year old department store chain’s latest collapse in April, was officially concluded.

Stores will stay open for now to clear stock as administrators continue to seek a buyer for the business.

Debenhams has a large store at the Old Market in Hereford.