Sir Philip Green’s BHS empire has revealed it is considering launching up to 150 convenience stores to compete with the supermarkets.
Sir Philip is reported to have said that 150 of BHS’s 183 stores have permission to sell food and indicated the first convenience outlet could open as soon as early 2014.
“Every one of the major supermarkets seems to think that is the place to go,” the Financial Times quoted Green as saying. “We have already got the space. In research we have done, our customers have said they would like to buy food. We may have a shot at it.”
A spokeswoman for Arcadia told The Grocer: “BHS is currently developing this exciting new concept and more information will be released in due course.”
BHS would seek to rival the mults as they expand their convenience businesses, with Asda yesterday indicating it was considering moving into the sector.