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Debenhams developed a reputation for big discounts, causing customers to wait for promotions (Getty) In that time, Debenhams has faced the whole gamut of challenges affecting all UK retailers, as well as a few issues of its own making. The most pressing of those problems is being saddled with too many stores on long, expensive leases signed during the private equity years. Longer leases might have meant cheaper rents at the time, lowering costs and boosting short-term returns. But now that the company needs to