Surrey Quays’ BHS one of last to close at the weekend with sales including shop mannequins

News Desk (01 September, 2016) Misc Business

The Range, a home, garden and leisure retail chain, is rumoured to be in talks with British Land to replace the store, but the News was told no information was yet available

11702BHS Closure - large sales take place to get rid of remaining stock

 

Surrey Quay’s BHS store was among the last to close its doors last weekend, with sales seeing everything including mannequins being flogged at discount prices.

The Range, a home, garden and leisure retail chain, is rumoured to be in talks with British Land to replace the store, but the News was told no information was yet available.

BHS Closure - People rush to buy last of the stock

BHS Closure – People rush to buy last of the stock

BHS’s closure marks the end of 88 years of BHS on high streets across the UK, and meant the loss of around 11,000 jobs nationwide.

John Hannett, Usdaw General Secretary, said: “Wherever the blame lies for the demise of this once great British retailer, it certainly is not with the staff who are paying a high price for corporate decisions that have led us to where we are today.”

BHS fell into administration earlier this year after its £571m pension deficit started to take its toll on the business.

BHS Closure - the store sits empty after the sales finish

BHS Closure – the store sits empty after the sales finish

Administrators Duff and Phelps announced that they had failed to find a potential buyer for the struggling retail chain in July, sealing its fate.

BHS was sold by retail magnate Sir Philip Green last year for £1 with £1.3bn of debt, after buying it for £200m in 2000.

He is now said to be looking to pay £300m to help plug the pension gap.

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