WATCH: Express & Star analysis on Beatties announcement

Express & Star's Peter Madeley joins business editor Simon Penfold to look at the reasons behind today's devastating announcement.

Wolverhampton's 141-year-old Beatties store faces closure as owner House of Fraser revealed plans to axe more than half its 59 stores.

WATCH: Peter Madeley and Simon Penfold bring you analysis of the closure of Beatties

More coverage:

• Beatties set for closure as House of Fraser wields axe

• 'Huge blow' - Council and MPs' concerns over closure

• 140 years of city history faces the end with Beatties closure