BHS store in Stoke-on-Trent today.
UK retailer BHS could file for administration as early as Monday, threatening 11,000 jobs. Sources close to the owners said that "things don't look good".
Talks are continuing with Sports Direct to buy some of BHS's 164 stores but it is understood any buyer would only do so if it did not have to take on its £571m pension deficit.
Last year BHS was sold by the entrepreneur Sir Philip Green for £1.
He had bought it for £200m in 2000.
Its new owners, Retail Acquisitions, said they would deliver £160m of funding to help turn around the fortunes of the chain, but have not been able to raise the sum.
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