BHS’s remaining stores are to stay open for about a week longer than the original deadline set by administrators in an attempt to reduce stock levels.
Duff & Phelps and FRP Advisory had planned to shutter stores this Saturday but this has now been extended to Sunday August 28.
Retail Week understands this deadline could be extended further as part of attempts to sell off as much stock as possible.
Across the UK, 57 BHS stores remain open, out of a total of 163. Tranches of stores began closing in July, following BHS’ collapse into administration at the end of April.
Retail Week was on the spot when the the 88 year-old chain’s flagship Oxford Street store closed on Saturday.
Sports Direct has been linked to BHS since its demise, with Mike Ashley once in the frame to buy the entire business. Latest reports suggest that some stores could still be scooped up by Sports Direct. Primark is also rumoured to still be eying stores.
The collapse of BHS has left close to 11,000 staff without a job and 20,000 pensioners facing cuts to their benefits. Former owner Sir Philip Green is now under pressure to plug the £571m pension deficit.
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