Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Almost half of BHS stores still empty

A total of 44% of BHS stores are still empty after the retailer collapsed into administration three years ago, new research has found. 

The findings by the Local Data Company (LDC) show that out of the 160 stores that closed, 70 units are still empty.

Meanwhile, real estate adviser Altus Group has reported that £642,852 is the average business rates bill for a department store for 2019/20.

This represents a third year cumulative rise of 25.9%, up by £132,378 from the average bill in 2016/17.

BHS was bought by billionaire Sir Philip Green for £200m in 2000, but he sold it in 2015 for just £1.

In April 2016, just 13 months after it was purchased by Retail Acquisitions, BHS entered administration following unsuccessful attempts to continue trading. It was eventually wound down, and all stores were closed by late August 2016 following failed attempts to find a buyer.

 

Tags

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.