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domingo, 28 de agosto de 2016

UK"s last BHS stores to close for final time

Media captionA tour inside a BHS "ghost store" in Edinburgh

The last BHS stores are set to close their doors for the final time, ending an 88-year presence on the High Street.


The closure of the final 22 shops dotted around the UK comes after the retailer was placed into administration in March but failed to find a buyer.


Previous owners Dominic Chappell and Sir Philip Green have been criticised for mismanaging the chain and failing to protect the company pension scheme.


Administrators have already made 141 store closures over recent weeks.


These included its flagship store on Oxford Street in London"s West End.


Pensions blackhole


British Homes Stores, a name that was a fixture on most UK High Streets, will then disappear nearly a century after first opening in Brixton, south London.


Years of under-investment and failing to react effectively to intense competition led to the slow demise of BHS over the past two decades.


Its most recent owners have also been blamed following an investigation by a joint committee of MPs last month.


They described billionaire retailer Sir Philip Green, who owned BHS from 2000 to 2015, as the "unacceptable face of capitalism".


Sir Philip, who has promised to sort out a £600m pensions blackhole at BHS, could also be stripped of his knighthood.


If talks between Sir Philip and the pensions regulator fail, then the 11,000 BHS staff who have lost their jobs will get a smaller pension than expected.


The last 22 stores to close are:


  • Exeter

  • Surrey Quays, London

  • St Enoch Centre, Glasgow

  • Metrocentre, Tyne and Wear

  • York

  • Merryhill, West Midlands

  • Romford, Essex

  • Harrow, north west London

  • Doncaster

  • Walthamstow, east London

  • Uxbridge, west London

  • Bexleyheath, Kent

  • Leicester

  • Norwich

  • Belfast

  • Kingston, Surrey

  • Hanley, Staffordshire

  • St James, Northampton

  • Swansea

  • Wood Green, north London

  • Cribbs Causeway, Bristol

  • St Albans, Hertfordshire

Original Article



UK"s last BHS stores to close for final time
http://latiendadejm.com/blog/uks-last-bhs-stores-to-close-for-final-time/

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