All rights reserved. Topshop will shutter all of its US Topshop and Topman locations, adding to the 200 UK stores that its parent company, Arcadia Group, has closed over the past three years. TOPSHOP has shut all its stores indefinitely, because of the spread of coronavirus. Great sales. New York shoppers have only a couple more days to buy the brand in store and cop some of the deals. The extreme closure comes in an effort to cut costs after failing to deal with the rise of online competition.Topshop opened its US flagship shop on Fifth Avenue, New York City, in  November 2014. It's also vulnerable to crime, police sayAll retail bankruptcies are not the same. The retailer's Fifth Avenue store will close for good on 8 p.m. Saturday.

Now the London-based retailer is liquidating the last of the Topshop Topman stock in an attempt to cut losses before heading home to the UK, which is also losing 23 stores.Despite the deals, some hopefuls that entered the Fifth Avenue location, like Rachel Reisig, 27, left the story empty-handed and little disappointed.Reisig said the store, which was once a fashionista’s wonderland of trendy, somewhat pricey clothing, was now a wasteland for big bargains and few quality options. They’re even inviting you to buy the rack from which you grabbed the items.In May, TopShop parent company Arcadia Group filed for bankruptcy in the United States due to “changing consumer habits and ever-increasing online competition,” CEO Ian Grabiner said in a statement. Shop must-have dresses, coats, shoes and more. Euromonitor International Head of Retailing Michelle Grant on the state of the retail sector.Topshop is closing all of its U.S. stores after its operator, Arcadia Group, filed for bankruptcy, according to a report.About 800 people are employed at these stores. ©2020 FOX News Network, LLC. All rights reserved. Find out what's happening in the world as it unfolds.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. Payless ShoeSource announced it will close 2,300 stores by the end of June. Given the COVID-19 pandemic, call ahead to verify hours, and remember to practice social distancing. “I probably spent like a minute in there and then walked right back out because it looked like a bargain-hunting store,” Reisig said. Save. See 247 photos and 138 tips from 22405 visitors to Topshop. It looked worse than TJ Maxx.”Another obstacle that frustrated the non-Maxxinista was the fact that all purchases are cash-only. "Great sales. It said it will close 23 of those stores.Topshop is the latest retailer to shutter stores. Factset: FactSet Research Systems Inc.2018. 130 Tips and reviews. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates.Watch Kanye West threaten to end Adidas and Gap dealsHow masks are reshaping the face of the retail economyDollar General's business is booming. Promoted by A loyal customer, Resig said she bought most of her Topshop items through department stores, like Nordstrom, as opposed to the brick-and-mortar store.Lucky for her, Topshop and Topman will continue to be available through Nordstrom and the brand’s online store. Are Aldi and Amazon the key?These are the unexpected winners of the grocery warsGetting approved for 1 of these cards means you have excellent creditThe fastest way to pay off $10,000 in credit card debtSwitch cards and save money on interest - Start now! SoHo, New York. Free shipping and free returns on all orders. Topshop is closing all US stores By Nathaniel Meyersohn, CNN Business Updated 5:03 PM ET, Fri May 24, 2019 New York (CNN Business) In another sign … Discount chain Fred’s said earlier this month that it will be closing more than 100 stores, while Dressbarn revealed it will be shutting down all its approximately 650 locations in a "wind down" of its retail operation.Quotes delayed at least 15 minutes.
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