In the biggest loss to the high street since Woolworths went bust in 2008, BHS looks set to disappear from the British high street after 88 years as the ailing retailer’s last ditch attempt to save the brand failed. Chief executive Dominic Chappel informed its 11,000 staff in writing today (25 April) that the administrators would be called. So what went wrong?
There are a multitude of reasons, not least a £571m pensions deficit, which proved too great a hurdle to finding a buyer. But deeper issues with the brand have seen shoppers turn elsewhere over the past few years Read full story ›
Source: The Drum
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