bhs

Retail Asia09/11/2017

UK department store chain Marks & Spencer is about to announce further store closures along with reduced profits amid worsening high-street trading conditions. Last year, the company announced the closure of 30 stores, but The Guardian newspaper reports a plan has been devised by CEO Steve Rowe and incoming chairman Archie Norman for a bolder store rationalisation […]

Retail Asia24/11/2016

A dire H1 performance from Bonmarche, on its first update with Helen Connolly at the helm, with sales falling by £3.9 million on the year, despite the opening of net six new stores and concessions. Like-for-like Bonmarche sales declined even further than its revised forecast in September. As a result, operating profit fell 62.8 per […]

Retail Asia25/05/2016

Only the very bravest of investor should consider retaining BHS in its current dilapidated state. But if such a buyer cannot be found, and a BHS breakup ensues, with the store estate sold to other retailers, Marks & Spencer and Debenhams would be the main beneficiaries. As the deadline for bids for BHS looms, hopes […]

Retail Asia16/05/2016

Swedish furniture and homewares retailer Ikea is reportedly planning to take over the leases of an undisclosed number of BHS sites in the UK. Such a move would mark a strategic change of direction for Ikea, propelling it onto High St rather than its traditional trading space of big barns in destination centres outside city […]

Retail Asia28/03/2015

Arcadia Group founder and controlling shareholder Sir Philip Green has sold department store chain BHS to a little known investment house, Retail Acquisitions Ltd. The BBC has reported the asking price for BHS was as low as £1 and the business was sold debt free. The sale frees Arcadia from a drag on the earnings […]

Retail Asia21/03/2015

BHS_Albion_Street_entrance_Leeds_30th_April_2013-1024x575.jpg

A former executive of troubled British retailer BHS has emerged as a surprise potential buyer of the business from Sir Philip Green’s Arcadia Group. BHS is the only non-performing unit of Arcadia, its widening losses undermining the results from better known chains Topshop, Miss Selfridge, and Dorothy Perkins. Sir Philip announced in January he was […]

Tag: bhs

Marks & Spencer to close more stores

Dire Bonmarche sales reflect poor product offer

M&S, Debenhams stand most to gain from BHS breakup

Ikea may take over BHS sites

Surprise buyer for BHS

New buyer emerges for troubled BHS