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Business

Bhs reportedly sold for one pound

Loss-making retail chain Bhs was sold for a 'nominal sum,' or one pound in a deal completed between Sir Philip Green and investment vehicle firm Retail Acquisitions, according to reports. Although both parties have officially declined to confirm the fee paid for the Bhs, the low price is said to have reflected the losses the retail chain has...

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Fashion

Report: long queues cause retailers 1 billion in losses

Busy urbanites don't have time to queue up to pay for their fashion goods. Long queues at the tills are a deterrent to customers and new research shows people will abandon their purchase when the lines are getting too long in their favourite stores. According to new research by mobile operator EE, long queues are causing UK retailers over 1...

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