There are fears for one of Plymouth's largest shops as BHS today told staff it plans to cut 370 jobs across the country.
The chain plans to axe 220 jobs in stores and 150 in its head office.
It will also close half its shops unless landlords agree to cut their rent.
The job losses are part of a plan to turn the retailer's fortunes around, and more jobs could go if branches are forced to close.
Another 100 roles at head office which have been left unfilled in recent months will also be axed.
Staff at BHS, including those at Cornwall Street in Plymouth, were told about job losses this morning.
BHS has filed a company voluntary arrangement (CVA), a type of insolvency, to cut its costs.
It will now be able to try to reach deals with those it owes money to.
The agreement must be approved by three quarters of BHS's creditors at a meeting on 23 March.
BHS wants rent cut by up to 75 per cent on its stores.
Darren Topp, the chief executive of BHS, said: "Although a difficult process to go through, this sets in motion the comprehensive updated turnaround plan that we have identified, and gives British Home Stores a secure financial footing from which to grow and deliver sustainable profitability.
"BHS will continue to trade as usual and we thank our staff and customers for their continued support."HISTORY OF BHS
British Home Stores was started in 1928 by American entrepreneurs who wanted to follow the successful model set by Woolworths.
They did not want go into direct competition with Woolworths, so set their highest price at a shilling.
The first store opened in Brixton, but by 1929 the price limit had been lifted to five shillings to allow for the business to offer more goods.
The business expanded by opening further branches, all offering small cafeterias and grocery departments, and in 1933 the business went public.
After the war the business continued to grow, and by the end of the 1960s had 94 stores nationwide.
On 12 March 2015 it was announced that BHS had been sold to Retail Acquisitions for the nominal value of £1.
Aa total of 51 out of the company's 171 stores were reported as being under threat of closure.
In September 2015, BHS owners Retail Acquisitions announced another rebrand, as part of a £60m rejuvenation plan, which resulted in the full British Home Stores name being resurrected on the high street for the first time since 1986.
By early 2016, periodic store closures had seen the company withdraw entirely from several major city centres, including Bath, Cardiff, Carlisle, Oxford, Reading and Southampton.
Plans were also being made to reduce the size of the flagship Oxford Street branch by leasing excess space to other retailers.
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