New York In another sign of traditional retailers' struggles, Topshop plans to close all 11 of its US stores as its parent company seeks to restructure after filing for bankruptcy protection.
Arcadia Group, the London-based owner of fast-fashion chain Topshop Topman, said it was facing"unprecedented" market conditions in the retail sector.Like other brick-and-mortar retailers, the company blamed heated online competition and shifting shopping habits for its woes. Amazon , discount retailers such as TJMaxx and new brands like Everlane have put pressure on the fast-fashion sector of retail.
Anyone can get cheap, low quality Chinese, Indian or Bangladesh made & set up a stall. People want home spun high quality that lasts so you don't by twice or thrice & is better for the environment.
Our society is so lazy. We can't even drive to the store anymore. All people want to do is get fat playing fortnite.
Never heard of it, but yeah, this is a travesty.
Who?
There’s just too many stores in general, that’s the real problem.
LETS DO IT AT WALMART THEN A MONTH B4 REAL I HOLIDAY CELEBRATION they GET FIRED AND BECOME Marshfields women
Yeah keep going Democrats
What's topshop? Never heard of it.
amazon ruined 10s of thousands of retail jobs
Note to 1 self- a company was in trouble more than 2 1/2 years if going into bankruptcy. Or completely wrong business plan . Hate it for them but they too will survive
Winning!
Can't even take a good pic !
Wth is Topshop? Never heard of her
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