That would be painful for landlords but nothing like the hit they took when bookseller Borders Group and electronics chain Circuit City liquidated.

WSJ: Landlords Prefer Deals LIke Office Depot-OfficeMax to Liquidations

In the last four years the 52-year-old clothier has rehabilitated two retail operations: British Home Stores (now known as BHS), a 76-year-old chain of department stores, and Arcadia Group, owner of popular outfitters like Topshop and Topman.

FORBES: Envy With Green