Metropol

Cracking labelscar!

At least it faded from one branding colour to another

lol, looks like that store no longer needed a sign! Whoever moves in there next is going to have to paint over it before erecting their own sign.

BHS threatens to close half its stores putting hundreds of jobs at risk
http://www.theguardian.com/business/201 ... -jobs-rent

nidave wrote:BHS threatens to close half its stores putting hundreds of jobs at risk
http://www.theguardian.com/business/201 ... -jobs-rent

I'm still surprised they're still going.

I feel like I called this 8 years ago...
viewtopic.php?f=1&t=4915&p=79592&hilit=bhs#p79592

I'm not sure what they're thinking by planning to add in foodstores - what are they going to be able to offer that isn't already catered for elsewhere?

They also mention modernising the BHS brand - perhaps start by not having about 6 different logos out there, the most recent of which is more traditional looking than the previous one. And getting round refurbishing stores that seem to have been left in 1996.

I think they'd do a lot better by focusing on their key range (home furniture/own brand clothing) and advertising it much better. No more endless sales, just good value, modern items available to view in a local store. Think bits of IKEA and Matalan combined.

"BHS has split its properties into three categories in the CVA: 77 stores that are unaffected; 47 stores that it claims are viable but need a reduction in rent to “market levels”; and 40 that need a substantial reduction in rent to survive."
That suggests 77 of them are profitable - thats a lot more than I would expect

Beales is looking to reduce rent costs.

http://www.mirror.co.uk/news/business/b ... ut-7513506

BHS faces crucial vote on its future

http://www.bbc.co.uk/news/business-35834473

Follow up story - the creditors voted yes to the reduced rents.
http://www.bbc.co.uk/news/business-35883134