bus news and archive

BHS set to file for administration on Monday

London - The curtain is set to drop on high street retailer BHS, as it stands on the brink of a collapse into administration. The retailer is expected to call in administrations on Monday, placing close to 11,000 jobs at risk after eleventh-hour talks with Sports Direct to save the chain failed to take root Sunday evening. A statement is...

BusinessFeatured

Thousands of jobs at risk as BHS seeks rent cut for viable stores

The owners of struggling British high-street retailer, British Home Stores (BHS) may have to shut a quarter of its current stores if landlords are unwilling to work with them on a rescue deal to lower store rental fees, which places numerous jobs at risk. Together with advisor KPMG, BHS has proposed a radical restructuring of its store estate in...

Retail|UPDATE

BHS to go head to head with M&S and Primark

The new boss at BHS, Darren Topp, has stepped up and made a solemn promise to restore the struggling retailer’s positioning on the high street. In order to ensure that the renewed BHS secures its spot, its new strategy will focus on keeping “Primark at one end [of the street] and Marks & Spencer at the other,” according to Topp. In his first...