Under the proposal, Burton, Dorothy Perkins and Topshop stores will close and rents will be cut at another 194 stores at the Arcadia group. Sir Philip Green: An overview of the chairman of the Arcadia Group.The group includes the likes of Topshop, Miss Selfridge and Dorothy Perkins. 28 May 2019, 17:25 | Updated: 28 May 2019, 17:32. All rights reserved. The British retailer has faced competition from retailers like Zara, H&M, Asos and Boohoo. It said it will close 23 of those stores.Topshop is the latest retailer to shutter stores. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. On Monday, Dressbarn's parent company said it will close all of its roughly Bankruptcies have also plagued retail brands including Most stock quote data provided by BATS. As The Wall Street Journal reports, the UK-based retailer will be closing all of its remaining stores in the United States, which includes locations in Los Angeles, New York, Chicago, Las Vegas, and Atlanta.Additionally, Topshop's parent company, Arcadia Group, has filed for Chapter 15 bankruptcy in the U.S. News > Business Another 25 Miss Selfridge and Evans stores to close in latest bid by Sir Philip Green to save his retail empire.
If you can't make it to a Topshop store before it closes, scroll down to shop our favorite pieces online. All rights reserved. Topshop store front/Taylor Swift shocked. It's a sad day for American fans of Topshop. 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. Topshop is closing all their stores in the US. It listed its assets as $53 million and total debt as $179 million in a court filing.Topshop has stores in New York, Los Angeles, Atlanta, Las Vegas, San Diego, Chicago, Houston and Miami. 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. Chat with us in Facebook Messenger. All 11 Topshop and Topman locations are closing in the U.S. "This has been a tough but necessary decision for the business." In another sign of traditional retailers' struggles, Topshop plans to close all 11 of its US stores as its parent company seeks to restructure after filing for bankruptcy protection. The chain did not say when its stores will shut down but added that the brand will continue to sell to the USArcadia Group operates 566 Topshop, Burton, Dorothy Perkins, Evans, Outfit and other stores in the UK and Ireland. Disclaimer. All times are ET. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. It's also vulnerable to crime, police sayAll retail bankruptcies are not the same. This week, Arcadia Group filed in US court for Chapter 15 bankruptcy protection, which grants a foreign company protection from creditors. Factset: FactSet Research Systems Inc.2018. topshop and Dorothy Perkins stores are closing - this is the FULL LIST of affected stores. 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! Picture: Getty/BBC "Against a backdrop of challenging retail headwinds, changing consumer habits and ever-increasing online competition, we have seriously considered all possible strategic options to return the Group to a stable financial platform," Arcadia CEO Ian Grabiner said in a statement. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Here's what you need to knowKohl's needs to reinvent itself. by Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC.
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