麻豆约拍

BHS is the latest in a list of familiar names to disappear from the High Street. Earlier this week, Austin Reed went into liquidation with the loss of a-thousand jobs.

Woolworths, JJB Sports, Blockbuster and Comet are just some of the other companies which failed to survive the effects of the financial crisis, and the boom in online shopping.

Our business editor, Simon Jack, considers why BHS could not be saved.

(Photo: The shutters are closed on the BHS store in Surrey Quays, London, following the announcement that administrators failed to find a buyer. Credit: PA Wire)