Pirate FM News 3 minute read

PHOTOS: A Look Back At Lost High Street Stores

bhs

Published at 12:43pm 25th April 2016. (Updated at 4:05am 27th April 2016)

BHS has announced it is going into administration, putting 11,000 jobs at risk.

The news has been broken to staff at its branches in Truro and Plymouth.

The collapse could potentially be the biggest retail failure since Woolworths folded in 2008, with the loss of almost 30,000 jobs.

Retail experts say BHS has suffered from years of under-investment, leaving its range and estate looking tired.

We take a look back and become nostalgic as we reminisce over the past UK retailers which we have lost over the years:

Comet

comet

Comet was once popular for providing electrical goods. The store began to suffer when consumers started cutting back spending on electrical products in 2009. OpCapita bought the company for £2, but unfortunately the company went into administration in November 2012.

Jessops

 jessops

In 2007, Jessops completed a strategic review and had to refinance a number of deals with lenders. Due to financial difficulties, the company went into administration in January 2013. But it rose from the ashes - and has just opened its 51st high street store. "Our success is a multichannel strategy, within which the high street plays a key role,” says Neil Old, Jessops CEO.

Safeway

safeway

Despite Safeway being a popular supermarket across the UK, it was growing slower than its competitors and was bought by Morrisons back in 2004. Safeway was no more by November 2005.

Blockbuster

blockbuster

Blockbuster disappeared because firms like Netflix pioneering global streaming of movies and TV series straight into consumers' homes. Plus you didn't have to remember to rewind your tapes.

Blockbuster lost out on revenue, and filed for bankruptcy in September 2010. The business was auctioned off to Dish Network in 2011, however this did not save Blockbuster – resulting in closing stores and going into administration in January 2013.

Woolworths

woolworth

Between December 2008 and January 2009, all 807 Woolworths across the UK were closed. The brand was bought by The Shop Direct Group in February 2009 – with the retail brand existing online until June 2015.

HMV

hmv

Profits began to fall for HMV in 2011, and many stores across the UK began to close. In January 2013, the brand went into administration. Hilco UK bought the brand out of administation in April 2015.

JJB Sports

jjb sports

JJB Sports began having financial difficulties in 2007, when the company acquired Original Show Company. Sports Direct purchased the brand, including 20 stores and website in October 2012. This however still saw 130 stores closing.

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