° °
  • Firstline - TV3 New Zealand

    Firstline

    Weekdays 6am

  • 3 News - TV3 New Zealand

    3 News

    Nightly 6pm

  • Campbell Live - TV3 New Zealand

    Campbell Live

    Weekdays 7pm

  • 3rd Degree - TV3 New Zealand

    3rd Degree

    Wednesdays 8.30pm

  • The Paul Henry Show - TV3 New Zealand

    The Paul Henry Show

    Weekdays 10.30pm

  • Three 60 - TV3 New Zealand

    Three 60

    Sundays 9.30am

  • The Nation - TV3 New Zealand

    The Nation

    Sat 9:30am / Sun 10am

Is online shopping killing Topshop?

Tuesday 19 Feb 2013 10:37 a.m.

London Fashion Week: The time of year when every fashion industry bigwig struts their stuff and puts their best foot forward.

Among them, Topshop boss Sir Philip Green – the High Street king with 2,500 shops across Britain.

Sales across his retail brands fell last year, and Sir Philip says internet shopping is to blame.

Although Topshop has just opened a new store in Los Angeles, overall retail spending in the United Kingdom still hasn’t recovered from the recession.

Against many people’s expectations, sales figures for January fell 0.6 percent.

Sir Philip has signalled that some of the UK’s Topshop stores may close, but says it is a possibility being considered by all retailers.

“Every retailer wants to close stores,” he says.

“Is there a total reshape due to e-commerce, due to how people are shopping, due to click-and-collect, just due to the new world we live in? Yes there is. And therefore, if you talk to fairly any retailer, would they all like to have less shops? Yes they would.”

3 News

Others Are Watching

comments powered by Disqus

Trending

>
;