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Topshop to close all US stores

Topshop closes all US stores after operator Arcadia Group filed for bankruptcy. The UK retailer has begun liquidating inventories at 11 Topshop and Topman stores in the US this weekend after announcing that places in the nation will close their doors, the Wall Street Journal reported. Topshop opened its first US store in New York City in 2009 and expanded …

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Topshop closes all US stores

The Arcadia Group, the London-based owner of fast-fashion chain Topshop Topman, said it faced competition in the retail sector with "unprecedented" market conditions and shifts in shopping habits for its woes. Amazon ( AMZN ) Discounters such as TJMaxx ( TJX ) and new brands such as Everlane put pressure on the Fast Fashion retail sector. "Against a background of …

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