New data reveals the fact that
more than half of former BHS stores remain empty even a year after the
department store chain fell into liquidation.
From the research done by the
Local Data Company, 60% out of the 160 stores has been shut down in August 2016
which remains unused.
Out of 160 stores only 25 stores
have been taken over by the retailers like Primark and Sports Direct, while
another 35(approximately 22%) are expected to have planning permission approved
or have new tenants move in.
“Polish fashion epos system for retailer Reserved
is set to move into BHS’s former London flagship on Oxford Street, while
B&M and Next have snapped up other BHS properties across the UK.”
In meantime Arcadia Group, the
BHS’s previous owner has penned a £30 million deal with liquidators FRP
Advisory after a legal challenge.
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