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British Home Stores bankrupt!
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By (user no longer on site) OP
over a year ago
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I think Britain is going to be full of pound shops soon, four opened near us in the past few months. All full of junk, apart from solar powered windmills for the garden for a tenner! Bargain! |
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By (user no longer on site)
over a year ago
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"Unless they turn things around sharpish marks and sparks will soon follow
I think M&S would just concentrate on food, that's where most of the money is made."
I hope they carry on selling ladies underwear and leggings as i can't get decent stuff that fits well and last ages anywhere else ! |
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They were bought for £1 from Phillip Green, they investors thought they would get some money from a restructure they did a while ago. The money didn't appear and now 11,000 jobs are under threat....I feel for the work force who may not have a job soon. |
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By *T_LEECouple (MM)
over a year ago
near you |
I would never shop in bhs as they do seem old fashioned and don't cater for my tastes. I do however make a conscious decision to buy from the high street rather than online to keep people in employment. I also never use a self service checkout. We can all do a little to help the economy and employment. |
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By (user no longer on site)
over a year ago
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Bhs...it is not a store I ever use....but sadly not surprised at yet another casualty on the high St. The supermarket's clothing offers and primarily probably hitting there market hard. And the internet of course. Times they are changing.....but for the better..I'm not sure...! |
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By *icketysplitsWoman
over a year ago
Way over Yonder, that's where I'm bound |
"I would never shop in bhs as they do seem old fashioned and don't cater for my tastes. I do however make a conscious decision to buy from the high street rather than online to keep people in employment. I also never use a self service checkout. We can all do a little to help the economy and employment. "
Me too. If I do end up having to use the self check-out I make sure the one person there is engaged in the transaction.
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By (user no longer on site)
over a year ago
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BHS has been going down hill for years, the quality of their clothes are shocking, much of it I would liken to a market stall. It's a shame that so many will lose their jobs as well as the High Street changing so much for the worse. |
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"I would never shop in bhs as they do seem old fashioned and don't cater for my tastes. I do however make a conscious decision to buy from the high street rather than online to keep people in employment. I also never use a self service checkout. We can all do a little to help the economy and employment.
Me too. If I do end up having to use the self check-out I make sure the one person there is engaged in the transaction.
"
We used the automated service in the post office the other day and afterwards I said we should have queued at the counter because they will be collecting stats on how many people use which method. The problem was we were in and out while people who had joined the queue before we got there were still waiting. |
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"I would never shop in bhs as they do seem old fashioned and don't cater for my tastes. I do however make a conscious decision to buy from the high street rather than online to keep people in employment. I also never use a self service checkout. We can all do a little to help the economy and employment. "
It's progress I'm afraid, I'm not saying its a good thing but I think it might be inevitable. There was a time when lots of us refused to shop in chain stores on the High Street because it was doing the small independents out of business. |
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By (user no longer on site)
over a year ago
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It will get very ugly now, there is a major deficit on the pension scheme and the former owner Sir Philip Green will be under alot of pressure to pay back millions in dividends his wife has taken in the past.....Fire sale in the shops will be the least of the problems.... |
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A little premature.
Administration has not been filed.
Sports Direct still in discussions to buy some of the 164 stores .
With debts of 1.3 billion - 500 million or so pensions deficit - it admittedly doesn't look good for Monday morning.
The original comment in this thread about "look forward" to the clearance sale..... really quite poor !!  |
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By (user no longer on site)
over a year ago
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such a shame, and yes i did shop in bhs. even if just a browse it had stuff mainly at xmas for the folks.
kinda sums up the country. anything "british" no longer exists. if its profitable its sold abroad. we all like a bargain, but think what conditions the goods are made in. how long before zero industry and we lower the standards. steel buyout? remember Rover buy out? the directors fleeced the gov in handouts and still folded with massive pensions.
the big city service mentality doesn't acknowledge the need for industry and in 10 years we may be screwed.
rant over. |
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By *arksMan
over a year ago
in the centre |
Supermarkets are the main reason why a lot of the high st is going , one trip to get everything you need , we all lead busier lives than our parents used to , it's the convenience of the places , food , electrical goods , clothes all under one roof , whereas in years past you'd need to visit half a dozen shops to get your shopping it can all be done under the one roof now , throw in Internet shopping and the decline of the high st is hardly surprising  |
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Austerity at work...
Shame that Call me (I stick my dick in dead pigs) Dave and his sidekick Georgie 'tax cuts for super rich' Eaton boy haven't worked out that taking money from those who spend it to live and giving it to those who will never spend it costs jobs! |
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By (user no longer on site)
over a year ago
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"Supermarkets are the main reason why a lot of the high st is going , one trip to get everything you need , we all lead busier lives than our parents used to , it's the convenience of the places , food , electrical goods , clothes all under one roof , whereas in years past you'd need to visit half a dozen shops to get your shopping it can all be done under the one roof now , throw in Internet shopping and the decline of the high st is hardly surprising "
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By (user no longer on site)
over a year ago
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Yes...the supermarket's are part of this. Just been to the states for two weeks and it is all out of town malls and big players. There is actually very little competition.... It is only big players... Walmart and public as supermarket's are the only two I saw throughout Florida. Hundreds of KFC..dink in doughnuts etc....not an independent shop in sight unless it was very specialised. It is where we are heading... And it isn't good. |
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By (user no longer on site)
over a year ago
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"Oh great now where will i get my kids school clothes from 
Asda 
oh great there's no Asda near me "
Their school trousers don't fit my grandson. He's podgy and the waist doesn't fit. I'm hoping he has a growth spurt and slims his waist down. His brother is skinny and he has to have skinny fit bhs trousers. |
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By *arksMan
over a year ago
in the centre |
"Love how the big supermarket's killed the corner shop trader only to re invent it as "local" or "metro".... So cheeky. "
One-Stop shops are owned by one of the big supermarket brands , they open them if one of their " local / express " stores are denied planning |
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"Oh great now where will i get my kids school clothes from
Asda
oh great there's no Asda near me
I'd bulk buy now if it's affordable for you to do so that is. "
i'm gonna wait for the closing down sale and buy as many as i can lol |
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By (user no longer on site)
over a year ago
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"Unless they turn things around sharpish marks and sparks will soon follow "
Once bought a duvet set in Asda, was £12. Went into M&S a few weeks later, they had the exact same set, same make, same size, £56.
One time it meant quality, now is just same stuff everyone else sells only much more expensive. |
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By (user no longer on site)
over a year ago
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twas just on the news here that Sports Direct are interested in taking some of the shops over but they aren't interested in taking on the pensions deficit...
Sir Philip Green should have sorted it out instead of offloading it for a quid  |
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By (user no longer on site)
over a year ago
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If sports direct take it over they will strip mine the company for assets and the prime store locations - the rest will go as well most of the workforce. The pension fund gap will go unfilled and the staff will suffer.
Or it goes into administration, and the only change is all the workforce go.
Absolute fugazi. |
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By (user no longer on site)
over a year ago
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"There is a recession on. Nobody wants to admit it. "
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Some of us have been saying it for awhile now? .
Pat will be along on minute to declare... Have you seen new car sales?? |
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By (user no longer on site)
over a year ago
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It's a sad reflection of our once great high street, my thoughts are with those affected in what could be the last throw of the dice for another British institution sold down the river from mismanagement and inability to change fast enough. |
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By (user no longer on site)
over a year ago
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I feel for the workers who are losing out, but I don't think you can blame the likes of asda and tesco, bus just didn't move with the times, it became a dinosaur of the high street, and in today's retail market, you can't rest on your brand name to keep the tills ringing.
If you look at bhs vs primark primark are selling clothes that are relevant, not necessarily of the same quality, but most of their stuff is out of fashion before it's too torn up to wear, but bhs is trying to cater to a generation that is dwindling, and think that each generation becomes clones of the one before, it doesn't work like that. |
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By *htcMan
over a year ago
MK |
no surprise they going under, clothes lines outdated, failing to attract younger shoppers, prices little high aswell.
c&a, is still in Europe they only closed down all British shops, but kept all eu shops open. |
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By *abioMan
over a year ago
Newcastle and Gateshead |
"I feel for the workers who are losing out, but I don't think you can blame the likes of asda and tesco, bus just didn't move with the times, it became a dinosaur of the high street, and in today's retail market, you can't rest on your brand name to keep the tills ringing.
If you look at bhs vs primark primark are selling clothes that are relevant, not necessarily of the same quality, but most of their stuff is out of fashion before it's too torn up to wear, but bhs is trying to cater to a generation that is dwindling, and think that each generation becomes clones of the one before, it doesn't work like that."
this.... its the primarks, matalans and the supermarkets that started selling clothes that did it in for BHS... they got squeezed...
remember they use to be the cheaper end before they have now been outpriced....
and as for sports direct.... they will just strip it for the city centre locations.... |
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By (user no longer on site)
over a year ago
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Town centres won't exist as we know them today in ten years the internet has killed the concept.
Strangely enough the modern internet shopping will probably reverse town centres back how they were a hundred years ago.
Small niche industry shop below with house above.
Office space and retail space is vastly under subscribed, you really can't let either very easily at the moment.
The only thing shifting is flats and commercial space |
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By (user no longer on site)
over a year ago
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"such a shame, and yes i did shop in bhs. even if just a browse it had stuff mainly at xmas for the folks.
kinda sums up the country. anything "british" no longer exists. if its profitable its sold abroad. we all like a bargain, but think what conditions the goods are made in. how long before zero industry and we lower the standards. steel buyout? remember Rover buy out? the directors fleeced the gov in handouts and still folded with massive pensions.
the big city service mentality doesn't acknowledge the need for industry and in 10 years we may be screwed.
rant over."
BHS was set up by Americans. |
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By (user no longer on site)
over a year ago
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Phillip Green bought the group for 200 million and took out 400 million. They like to call it asset stripping however it's basically theft, especially as the pension pot is now is deficit.
I'd like to suggest boycotting all Greens shops, but if we did it would only be the workers that suffer. Personnaly I'd like Greens new yacht to sink with him on |
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By *obka3Couple
over a year ago
bournemouth |
You cant blame other shops for them going down the pan, the reason lots of the old stores have suffered is because the new ones sell cheap crap made by child or very poorly paid labour, everyone wants to pay a pittance for stuff these days so they go to primark and buy a vest for £2 and then complain when its their job that goes, too many say they want british made goods but dont actually do it, most of the problems go back to the days of the 70's when the management of British industry was very poor and the unions went on strike every two minutes, the UK was fat and lazy and the rest of the world took over |
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"Supermarkets are the main reason why a lot of the high st is going , one trip to get everything you need , we all lead busier lives than our parents used to , it's the convenience of the places , food , electrical goods , clothes all under one roof , whereas in years past you'd need to visit half a dozen shops to get your shopping it can all be done under the one roof now , throw in Internet shopping and the decline of the high st is hardly surprising "
Yes all quite true its all getting convience shopping now, even our local nat west bank moved premises to another location a few miles away which was due to more people doing on line banking than actually going into the bank so now our local post office helps our here, If marks and spencers go,s under some people won,t have a clue where to turn I know george from asda won,t be able to help when looking for a pair of cords like blue harbour there are just certain things you can,t get ask anyone that to see all this happening in a lifetime is a real eye opener but yes times are changeing faster now than ever before its this change that has brought us out of the past but call me nostalgic or what I,m starting to miss the old things that we all took usually so much for granted. |
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"You cant blame other shops for them going down the pan, the reason lots of the old stores have suffered is because the new ones sell cheap crap made by child or very poorly paid labour, everyone wants to pay a pittance for stuff these days so they go to primark and buy a vest for £2 and then complain when its their job that goes, too many say they want british made goods but dont actually do it, most of the problems go back to the days of the 70's when the management of British industry was very poor and the unions went on strike every two minutes, the UK was fat and lazy and the rest of the world took over"
I think you will find most of the old shops are/were selling the same "cheap crap".
BHS demise is more to do with the retailer/brand not adapting and changing to how the consumer wants to buy the product. |
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By (user no longer on site)
over a year ago
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"I think Britain is going to be full of pound shops soon, four opened near us in the past few months. All full of junk, apart from solar powered windmills for the garden for a tenner! Bargain! "
And fucking coffee shops. Meh |
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By (user no longer on site)
over a year ago
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"Before everyone blames the giant supermarkets... Err have a good look at tesco? There not exactly doing great"
They're doing better according to the most recent news |
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By (user no longer on site)
over a year ago
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"Before everyone blames the giant supermarkets... Err have a good look at tesco? There not exactly doing great
They're doing better according to the most recent news"
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Well they made a 6 billon loss year! You'd |
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im sure Cameron will blame it on the britex voters.....as he will the cold weather coming in .....high streets fucked nowdays .....a lot of the blame must lie with on-line shoppers....use it or loose it xxx |
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By *essiCouple
over a year ago
suffolk |
"Its awful that its gone into administration. All those poor workers and a big problem with the pensions "
Yes our son is one of the 11,000and the pensions problem is good old Phillip greens doing...not the first time apparently for him  |
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By (user no longer on site)
over a year ago
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"Its awful that its gone into administration. All those poor workers and a big problem with the pensions
Yes our son is one of the 11,000and the pensions problem is good old Phillip greens doing...not the first time apparently for him "
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You mean sir Phillip green! No surely not, raiding pensions while dodging tax on 4 billon income, you don't get knighted for stuff like that surely  |
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By (user no longer on site)
over a year ago
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Only ever went into BHS at Christmas time to get stocking fillers or my nans present.
Shame but I think it just got left behind while other stores modernised. |
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"Phillip Green bought the group for 200 million and took out 400 million. They like to call it asset stripping however it's basically theft, especially as the pension pot is now is deficit.
I'd like to suggest boycotting all Greens shops, but if we did it would only be the workers that suffer. Personnaly I'd like Greens new yacht to sink with him on "
Or he could fall over board like robert maxwell.. then came along jaws I,ll leave the rest to your Imagination.. |
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By (user no longer on site)
over a year ago
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"Its awful that its gone into administration. All those poor workers and a big problem with the pensions
Yes our son is one of the 11,000and the pensions problem is good old Phillip greens doing...not the first time apparently for him .
You mean sir Phillip green! No surely not, raiding pensions while dodging tax on 4 billon income, you don't get knighted for stuff like that surely "
Don't forget stealing low paid workers pensions. Horrible greedy Bastard. |
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"Its awful that its gone into administration. All those poor workers and a big problem with the pensions
Yes our son is one of the 11,000and the pensions problem is good old Phillip greens doing...not the first time apparently for him .
You mean sir Phillip green! No surely not, raiding pensions while dodging tax on 4 billon income, you don't get knighted for stuff like that surely
Don't forget stealing low paid workers pensions. Horrible greedy Bastard. "
Yes thats true again from the very begining his aims were probably not good ones most likely back stabbing everyone in the back to get to the top to do even more damage when getting there who needs enemys when you have friends like him. |
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By *obka3Couple
over a year ago
bournemouth |
Thats was just a paper loss from reducing the paper value of their property portfolio and the value of the stock they held which had previously over valued to make their profits look better, they still made vast sums from trading just not as good as before, meanwhile they still continue screwing their suppliers |
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The neo-Con's wet-dream smash and grab investors have bled this company dry, leaving £millions of shortfall in their pensions, amongst other debts. They should be forced to repay every last pound, lose knighthoods as well as face criminal action, should it be found.
It is 100% wrong for the UK taxpayer to have to foot the bill, whilst £millions have been siphoned from this business in recent months. |
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