Fashion and homeware retailer and former Arcadia stablemate BHS is reportedly planning the next stage of its revamp after being bought out by Retail Acquisitions last year.

The next phase will involve the closure of at least 30 of 50 unprofitable stores already earmarked for relocation or sale and a plan to address its pension deficit.

“BHS has stated publicly many times since the acquisition that it would like to take steps to address a number of unprofitable stores. This may involve discussions with some landlords, and KPMG will help us in this process” said a spokesman for Retail Acquisitions.    

“We have made no secret of the fact that like other companies we have a pension deficit that we would like to address also and we continue to take advice in relation to this complex area.  
“Our turnaround plan is still in its first year. Although we still have a long way to go, we are entirely confident that we will regain our place as an iconic British high street brand.” 

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