BBC Radio York presenter Jericho Keys, external tweets:

Image source, Youtube

Bet you didn't know that BHS has 74 stores abroad, external as well as its 164 in Blighty. The locations range from the predictable - Jersey, Gibraltar and Malta - to the slightly more unexpected: Armenia, Mongolia, Libya and Uzbekistan.

Retail Week news editor James Wilmore tweets:

BHS owner Dominic Chappell says "no one is to blame" for the retailer's imminent collapse. He says: "It was a combination of bad trading and not being able to raise enough money from the property portfolio. In the end, we just couldn't reach an agreement with Arcadia over pensions."

The retailer will continue to work with administrators Duff & Phelps to "find a solution post the administration", Mr Chappell adds.

Wasn't there a Howard Jones song, external in the 80s of the same title?

Liverpool Daily Post reporter Jez Hemming tweets:

Radio 4 Moneybox presenter Paul Lewis tweets:

BBC World Service

Kantanka chief executive Kwadwo Safo Jr tells the BBC's Ed Butler about his church minister father's visions - literally - to create Ghana's first home-made car.

BBC economics editor Kamal Ahmed tweets:

Labour MP for Wakefield, Mary Creagh, tweets:

5 live presenter Adam Parsons tweets:

Nice summation of the situation from Jon Copestake, chief retail and consumer goods analyst at the Economist Intelligence Unit, external.

The Guardian's Graham Ruddick tweets:

Image source, Getty Images

Miners are dragging the blue chip index lower again, with Anglo American down 4.48%, BHP Billiton off 4.1%, Rio Tinto 3.1% lower and Glencore down 2.6%. The FTSE 100 is off by 0.7% lower at 6,267 points. 

Oil prices have slipped once more as traders take profits after three weeks of rises. Brent crude is down 0.7% at $44.78 a barrel, while US oil crude is 0.9% lower at $43.34.

Image source, Reuters

Consultancy Retail Remedy examines where it went wrong, external for BHS.

Funnily enough that "Fifty Shades of Beige" tweet from BHS has just been deleted! We now have this tweet from the BHS_UK Twitter account, external:

Business as usual on the BHS Twitter account this morning, which under the circumstances is perhaps not quite the right approach.

Image source, Twitter

Today Programme
BBC Radio 4

Staff at BHS will gather at 11am to hear a buyer could not be found and that additional funding couldn’t be found over the weekend to save the business. That means the risk their jobs will go is very high, BBC business editor Simon Jack tells Today.

Duff & Phelps is standing by to act as administrator of the chain after BHS has exhausted options to improve financial position, Simon says. BHS’s creditors took a massive haircut last month, in some cases accepting 25p for every £1 they were owed by BHS, but even then BHS needed another £100m of funding.

"You don’t have to be a retail expert to realise the BHS brand has got a bit tired," Simon says. 

Meanwhile, he says there has been "real anger" at the current owners of BHS, Retail Acquisitions, which took £8m out of the business almost immediately after buying BHS for £1 last year.

Property commentator Henry Pryor tweets:

Today Programme
BBC Radio 4

Image source, Getty Images

More from Nick Hood, who says there is "every possibility that some of the stores will be cherry picked" by rival retailers. Sports Direct, which held talks with BHS over the weekend, is a “classic cherry-picker”, he points out.

Some of the stores will survive because of their location, which will mean some of the 11,000 jobs under threat will be saved.

As for the pension deficit, Mr Hood says the position of Sir Phillip Green is akin to being in the Hotel California ("you can check out, but you can never leave", as the Eagles sang).

The £80m offered by Sir Phillip to plug the pension deficit  "won't cut the mustard", Mr Hood adds. Eventually, he says, there will be a much higher contribution required by the Pension Regulator.

Former shadow business secretary Chuka Umunna tweets: