Sparks L (2016) Britain's ruthless High Street leaves no room for stragglers like BHS. The Conversation. 25.04.2016.
First paragraph: Department store BHS has gone into administration after failing to find a buyer. It is a worrying time for more than 10,000 employees and could be viewed as another piece of evidence that the UK high street is in terminal decline. Retailers have been battered by the onslaught of changing consumer patterns, online retailing and out-of-town shopping. There are grains of truth in this, but at its core, this is a tale of a business being out-competed by smarter, nimbler rivals over a number of years.
Debt; Pensions; Shopping; High street; Philip Green; Retail sector; administration; BHS
|Publication date online||25/04/2016|
|Publisher||The Conversation Trust|
|Place of publication||London|