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News May 24, 2019
By Snobette
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TopShop Is Closing All 22 US Locations

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May 24, 2019. Leave a Comment

London-based Aracadia Group has announced it’s closing all 22 U.S. TopShop and TopMan locations after filing Chapter 15 bankruptcy (granted to companies based outside the United States) on Wednesday (May 22, 2019), according to the WSJ. Store will begin to liquidate as soon as this weekend. The company will continue to sell TopShop and TopMan online and at nordstrom.com.

TopShop launched in the United States in 2011. While initially the company had ambitious growth plans, the store struggled to make a connection with the U.S. shopper, who showed a preference for lower-priced, fast-fashion and off-price chains.

In its filing, the chain cited a difficult retail environment. TopShop has also faced online competition from new online retailers like prettylittlthing.com, as well as asos.com and Urban Outfitters, both of which balance a mix of private label offerings and branded apparel, which has shown strength as a trend as of late. TopShop carried Ivy Park until parting ways with Beyoncé last year, however, even before the split the brand saw choppy demand.

Separate from the U.S. closures, Arcadia Group is negotiating a restructuring plan in an effort to reduce the cost of leases as well as pension payments. Part of the plan includes shuttering 23 U.K. stores. If the plan falls through, the chain could go into administration, a U.K. process akin to bankruptcy.

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Designed in New York under the creative direction of newly appointed Central Saint Martins alum, Louise Goldin, the collection of lines aims to tap into the ever hot moto trend. 

Available on hdcollections.com.

Thoughts?

#motostyle #harleydavidson
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(See our stories for throwbacks)

This year he relaunches the 'Stam' bag named after  model Jessica Stam. The campaign shot by Harley Weir, styled by Alistair McKimm highlights the dolls of that era: Ashanti, Paris Hilton, Selma Blair and Ashlee Simpson!

Did you own a Marc Jacobs or Marc by Marc bag?
#Snobette#internationalwomensday mood cause here i #Snobette#internationalwomensday mood cause here its women's day 365 days a year!

Cheers to us🥂

Walk by queen Omahyra Mota for Harris Reed debut as Nina Ricci's creative director.
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Shout out to cutie #ZayaWade  who made her runway debut at Miu Miu’s fall '23 runway show!
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Do you have a favorite Essentials piece? 

Now on fearofgod.com
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