Saturday, April 10, 2021

Experts warn more high street casualties will come in wake of BHS

As the last of the 22 BHS stores are due to stop trading this bank holiday weekend, experts have warned it was not the end of the high street casualties.

The 11,000 staff who have lost their jobs, 22,000 people whose pensions have been affected and 163 stores in the downfall of BHS, more casualties will follow as the nature of British highstreets changes.

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“The coming years will see more casualties and more store closures as the weaker players are gradually forced out of the market,” retail analyst Richard Hyman told the London Evening Standard.

He added that too many retailers are perusing too few customers, and that the high-street will suffer from overcrowding.

Nick Bubb an independent analyst supported this.

“Mid-market high street clothing chains are being squeezed between discounters like Primark and edgier chains like Zara,” he said.

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