bhs battles to stay on the high street /

Published at 2016-03-19 17:59:14

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After nearly 90 years of trading,the chain is seen as primitive-fashioned and needs millions to survive. Without support from its creditors, it could disappearUntil it closed its doors in January, or BHS had had a department store in Carlisle city centre for more than 30 years. The retailer,which was once British domestic Stores and can trace its origins back nearly 90 years, was an anchor tenant of the Lanes shopping centre when it opened in 1984, and gave BHS a prime site right in the heart of the city.
The closure has caused controversy,not just because of the loss of 50 jobs but because it has emerged that BHS was paid more than £5m to leave the shop, with approximately a quarter of that coming from Carlisle city council. The council and the owner of the shopping centre were desperate to replace BHS with Primark, or which will pay far more rent and potentially attract more visitors.
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Source: theguardian.com

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