BHS, A British Department Store Chain, Sharply Reduced Its Rent To Its Stores.

BHS department store, UK

Last year, the British chain was priced at only 1 pounds.

Group BHS emergent from Topshop boss Philip Green.

According to the British press, because BHS Retail's new boss, Acquisitions Acquisitions, can not raise enough working capital for her, BHS has been close to bankruptcy filing, and nearly 11 thousand jobs in British retail are at stake.

BHS has already received large rent reduction from its stores in early March, which has been the largest in the UK.

Retailer Sports Direct International PLC SPD.L (SPD.L) negotiations on the sale of 164 stores are the last straw for BHS.

However, as negotiations broke down last week, BHS has been sentenced to death.

BHS has many properties. Some of them are located in the golden section such as Oxford Street Oxford street. This is the most valuable place for BHS.

A group of American businessmen founded in 1928 British Home Stores (BHS predecessor) is one of the most familiar department stores in Britain.

In 2000, Philip Green bought BHS from Storehouse PLC at 200 million pounds. Two years later, the department store owned Arcadia Group Group of famous British high street brands such as Topshop, Topman and Miss Selfridge.

However, BHS has lost 7 consecutive years.

According to the data, its 2013 fiscal year pre tax loss of 69 million 900 thousand pounds, total income of 675 million 700 thousand pounds, a decrease of 3.5% over the same period.

The net loss in fiscal year 2014 expanded to 21 million pounds in the previous year's 19 million 200 thousand pounds. Philip Green, in the Arcadia Group Ltd. Holdings Taveta Investments Limited 2014 fiscal year report, pointed out that since the department store industry continued to be difficult, the business of BHS has always been a challenge.

Keith Smith, chairman of investment group Retail Acquisitions, said last year that when it bought BHS, she planned to inject 160 million pounds into the Department to help her return to profitability, but Retail Acquisitions's fund-raising process was not smooth.

Mr Dorrell, general manager of Retail Remedy, a retail consultancy at Retail Acquisitions, said BHS might sell its stores one by one, which means BHS, which has nearly 90 years of history, will disappear.

Analysts say that BHS has been stagnant since the 80s of last century, and even Next PLC (NXT.L) and Marks and Spencer Group PLC MKS.L (MKS.L) Marsha general store have encountered big or minor troubles in the current grim retail environment, together with the rapid growth of such products as the "PLC", "the" and "the".

Brand competition is strong, and the outdated BHS naturally cannot stand.

Now, if buyers are willing to accept BHS, they need to bear a pension gap of up to 571 million, and other debts of more than 700 million.