OHH, NO!! TOPSHOP SHUTS-DOWN ALL THEIR JAPAN STORES



UK-based fashion group Topshop has shuttered its stores in Japan.
No explanation has been given for the closure – but it appears Topshop’s parent Arcadia Group is in some form of dispute with its Japanese partners.
In a statement issued overnight in response to media enquiries Topshop confirmed the stores were operated by a franchise partner.
“The Japanese market is an important part of Topshop’s business and there are no plans to pull out of this key international territory,” the company said in a statement to Fashionista.
“We are working hard, and exploring all avenues, to ensure that the brand maintains its presence in Japan.​”
Topshop launched in Japan in 2006 and later partnered with Mori Building System, a retail real estate specialist which has also worked with Louis Vuitton subsidiaries. However it is not clear who the partner was at the time the stores closed as the association with Mori is reported to have ended last May.
The Nikkei Asian Review has reported that the Topshop Shinjuku flagship appeared to be fully stocked, but city’s other flagship, in the trendy Harajuku district, had been cleared out.
Phone calls to all five stores went unanswered.
The company last posted on its Facebook page on January 7 and its website still lists store locations.



1 LOVES AND COMMENTS:

  1. Ooh that's very controversial :/
    I guess it's always important to really value partnerships because the end effect if not handled well could be really bad

    http://iAmAileen.com

    ReplyDelete

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