Hopes for BHS rescue fade as administrators prepare to shut 20 stores

14th July 2016

Administrators to British Home Stores (BHS) are to close 20 stores next Saturday as hopes of finding a buyer for the failed department store fade.

Stores including Slough, Stirling, Truro, Preston, Stratford-upon-Avon and Yeovil – all leased properties – will shut on 23rd July. Stock levels have been running low at the stores since BHS collapsed into administration in April.

Up to 580 staff will be affected by the closures, most of whom are likely to be made redundant, but it is understood that administrators are hoping to redeploy some employees.