BHS’s Oxford Street flagship in London closed its doors for the final time this weekend.
Administrators will have shut all stores by next weekend with the loss of 11,000 jobs after failing to secure a new owner for the business, which collapsed in April, as first revealed by Retail-Week.com.
The Oxford Street flagship shut on Saturday evening after a huge closing down Sale offering discounts of up to 80%. Bargain hunters left the store with bags of shopping although there was plenty of stock left as the doors were about to close.
Shoppers were even snapping up fixtures and fittings. One woman spent £30 on clothing rails for her home.
Crowds began to gather as TV crews arrived to capture the final moments of the famous shop.
A number of retailers are thought to have been eyeing the site. Polish fashion giant Lubianiec Piechocki i Partnerzy (LPP) has agreed a lease on part of the premises to bring its Reserved fashion fascia to the UK.
Former BHS owner Sir Philip Green has come under huge pressure to address the £571m pensions deficit after being found to have extracted more than £400m in dividends from the retailer when he owned it.
Green has been hauled in front of MPs to answer questions over his role in the 88 year old chain’s demise, and was branded the “unacceptable face of capitalism”, by MPs.
Green controversially sold BHS to unknown twice bankrupt Dominic Chappell for £1 last year before it collapsed in April of this year.
Administrators failed to find a buyer and 105 stores have already closed over the past few weeks. The final stores will close on August 20, meaning BHS will disappear from the British high street.