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Topshop and Bhs owner Sir Philip Green is considering closing around 300 small shops with the Arcadia empire within three years, according to a report.

Sir Philip is aiming to trim Arcadia's portfolio of 2,400 stores when leases on smaller shops come up for renewal over the next few years, according to The Sunday Times.

It is thought the retail billionaire may look to consolidate niche brands - such as Dorothy Perkins, Burton, Evans and Wallis - within Bhs stores.

The group may also seek larger stores for its successful Topshop brand.

Sir Philip, who recently finished an efficiency review for the Government, saw his empire return to annual profits growth last year with a 13% hike to £213.6 million for the 12 months to August 29, 2009.

Profits were helped by record sales in its fashion brands led by Topshop, which launched in New York last April and has been boosted by a design collaboration with supermodel Kate Moss.

Sir Philip merged Arcadia and Bhs last year to streamline operations and cut costs.

They had been run as separate businesses since Sir Philip bought Bhs in 2000.

He bought the Arcadia group in 2002.

Arcadia was not immediately available for comment.

These shops suck anyhow, and you can always do better, but more iconic Brit brands to disappear.

Less MEW cash begets less tat for the hoose. C'est la vie!

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Green has sucked out all the cash from his empire at the expense of reinvestment in the property and stock innovation.

Went in BHS recently and it was so run down....unacceptably shabby entrance, low stock levels and dire quality. It was also very quiet.

Was in Wallis yesterday and the format and range has been static for the last decade.

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  • 439 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
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      • Even
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