[arista]

First Heading : Some BHS stores may close as some places they can not afford the rent

40 Stores are risk.


Today they went court
as in Big Dept


http://news.sky.com/story/1653364/bh...with-landlords



[BhS said 40 shops would "continue to trade for a
minimum period of 10 months whilst negotiations with landlords are
undertaken to reduce the rents substantially", adding
that it "hoped that the store closure number will be kept to a minimum".]

[BhS is to make nearly 400 staff redundant
as part of a restructuring aimed at stabilising the company's finances, Sky News learns. ]

[DemolitionRed]

I'm not surprised. If M&S and Matalan are in trouble, an old dated store like BHS isn't going to be thriving.

My local newsagent who's been open for 24 years is down on stock and tells me he's never hit such hard times and thinks he may have to close. Three shops on his row have already closed and another one is about to so things aren't looking good for the small guys either.

[Crimson Dynamo]

close the lot

a vile store

get rid

[arista]

Originally Posted by LeatherTrumpet

close the lot

a vile store

get rid

But LT
on Ch5HD News
a older lady said its cheaper than M&S,

[Crimson Dynamo]

Originally Posted by arista

But LT
on Ch5HD News
a older lady said its cheaper than M&S,

Yes because cheap sh1t is cheaper

[Babayaro.]

Originally Posted by LeatherTrumpet

close the lot

a vile store

get rid

My Brother works there, how dare you

[Crimson Dynamo]

Originally Posted by Babayaro.

My Brother works there, how dare you

Can he get a job at Greg's?

[Babayaro.]

I would imagine so

[arista]

The retailer fails to secure a critical Ł60m loan,
possible talks with Sports Direct
over the sale of some stores are ongoing.


http://news.sky.com/story/1684337/bh...administration


On Monday
they should state whats going on

[joeysteele]

I think it sad another giant heading to go, my thoughts are with the staff who work there and their probable uncertain futures..

[arista]

Originally Posted by joeysteele

I think it sad another giant heading to go, my thoughts are with the staff who work there and their probable uncertain futures..

Yes 11,000 workers

[waterhog]

very sad news. sign of the times.

[_Tom_]

Sky News now reporting that a company spokesperson has confirmed the retailer is going into administration. 11,000 jobs now officially at risk.

http://news.sky.com/story/1684617/bh...spokesman-says

[Crimson Dynamo]

its just business, the store has had its day and cannot compete with online

[bots]

its been a badly managed business lacking vision and investment for years. It should be no surprise to anyone.

[smudgie]

When a business gets sold on for Ł1 you know it is in serious trouble.

[the truth]

the uk economy is going down the toilet after putting all its eggs in the monster corporate retailer basket, when the future is all internet. small businesses can adapt far quicker to changes, these big beasts are too big and cumbersome , change takes too long to happen...this is 11,000 of millions of similar retail jobs about to go...were in big trouble

[arista]

Originally Posted by smudgie

When a business gets sold on for Ł1 you know it is in serious trouble.

Yes Philip Green
the bugger

[billy123]

Hows the economy doing George?

Oh no wait you are drugged up to the eyeballs courtesy of the public.



What sort of person is it that thought this government was a good idea ffs have a word with your conscience.

[waterhog]

if you are correct bobnot he wont need BHS but NHS - ohhhhhhhhhh its straight through for him - hes got ŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁ

[the truth]

Theyre bad but still better than the last labour government

[Rob!]

I get they're closing down, which is sad tbh. But what exactly does it mean if a company goes into administration?

[Crimson Dynamo]

Originally Posted by Rob!

I get they're closing down, which is sad tbh. But what exactly does it mean if a company goes into administration?

they have people to pay for a start, staff and suppliers, lots of stock to get rid of etc

they will appoint a specialist firm to do this

[Rob!]

Oh so they file for someone to pay off the debts they can't manage and then officially close down then basically?

[Crimson Dynamo]

Originally Posted by Rob!

Oh so they file for someone to pay off the debts they can't manage and then officially close down then basically?

they probably owe so many suppliers, the administrators will negotiate so much in the pound to repay them etc

they will shut up shop and try and make the most of a bad lot