Topshop on Oxford Street closed permanently on 4th August 2020. This iconic fashion and lifestyle retailer had been part of the Oxford Street landscape for almost 80 years, making it one of the longest standing stores on the iconic London street.
Prior to closing, Topshop had planned to move to a new store further down the street in 2021, but due to increased financial pressures from the Covid-19 pandemic, the decision was taken to close the store instead.
The closure has been met with sadness from shoppers who had fond memories of shopping in the store, and its famous entrances which were adorned with colourful displays of fashion trends.
Who has bought Topshop Oxford Street?
Topshop Oxford Street was bought by the clothing giant Arcadia Group in 2002. Arcadia Group is owned by Sir Philip Green, one of the most successful entrepreneurs in Britain who is estimated to have a net worth of over 4 billion pounds.
The store is located in the West End of London and is one of the most iconic shopping destinations in the city. Topshop Oxford Street was one of the original stores in the Arcadia Group portfolio and has been key to their success in becoming one of the leading fashion retail names in the UK.
Arcadia Group has used the Topshop store to introduce and model new trends, making it a must-visit destination for many fashion-conscious customers from around the world. In addition, the store offers a wide selection of clothing, accessories, and cosmetics.
From high-end designer pieces to everyday wear, Topshop Oxford Street has something for everyone.
Is IKEA coming to Oxford Street?
At this time, there is no information indicating that IKEA is coming to Oxford Street. As of now, IKEA has a total of 24 stores in the UK, with locations in Scotland, Wales, and England, but there are currently no stores in the London or Oxford Street areas.
IKEA does, however, have a website with a store locator that customers can use to search for their closest store.
Additionally, customers can purchase items through IKEA’s website and have them delivered to a designated location. Businesses with IKEA Direct Business Accounts can also choose to have items delivered directly to their store or office as part of the Shopping Services provided by the company.
Is Topshop coming back?
Yes, Topshop is making a comeback. The iconic U. K. retailer closed its stores in the U. S. in May of 2020, but it has since been purchased by online retailer, ASOS, and is planning a revival. ASOS plans to relaunch Topshop as an online-only retailer.
The relaunch is expected to take place in early 2021 and will focus on developing an optimized shopping experience and offering on-trend fashion. The extensive product range will include womenswear, menswear, footwear, and accessories.
The site will feature a number of Topshop classics while introducing new, exciting collections. As well, a number of other changes are expected, such as an updated loyalty program, a collaboration with influencers, and a comprehensive digital shopping experience.
As part of the relaunch, the company is also planning to expand the availability of its plus size range. With its upcoming relaunch, Topshop is looking to appeal to a new generation of shoppers.
Is Topshop still open in the UK?
Yes, Topshop is still open in the UK. The fashion retailer, which is part of the Arcadia Group, is open for customers both in-store and online. In-store shopping is happening in line with the latest government guidelines, so some locations may be operating on reduced hours.
Topshop also offers a contactless Click & Collect service for shoppers who want to select and pick up their items from the store. Customers can also opt for delivery services, such as standard and next day delivery, depending on their preference.
Topshop is now available for shoppers in over 40 countries worldwide, including the U. K. , USA, Australia, and New Zealand, with new stores sometimes opening in various locations.
Is Topshop gone forever?
No, Topshop is not gone forever. In November 2020, Topshop announced that it had been acquired by ASOS, an online fashion retailer. The company will continue to operate under the same name and still have many of the same collections.
ASOS closed all of the Topshop’s stores in 2021 but promised to bring back the brand in 2022. It also plans to run Topshop as an online-only business, which will be available worldwide. As of now, it’s unclear what changes ASOS will make to the brand, but customers can expect to still find many of their favorite silhouettes and designs.
While the Topshop everybody knew and loved is gone, the current version promises to still offer much of what made it great in the first place.
Why did ASOS take over Topshop?
ASOS took over Topshop for a number of reasons. Firstly, ASOS is a large e-commerce business with an existing customer base and strong online presence, whereas Topshop is traditionally known for their physical stores and more traditional shopping experience.
By taking over Topshop, ASOS is able to tap into a new customer base and further expand their reach.
Furthermore, taking over Topshop allows ASOS to have greater control over their supply chain, as well as their product offering. This means that they are able to ensure that their brand remains consistent and that they are able to deliver a greater selection of high-quality products.
In addition, they can also reduce cost by eliminating the need to pay for store rentals or staff members.
Finally, taking over Topshop allows ASOS to build a stronger customer relationships through the addition of loyalty programs and discount offers. By unifying their offerings and increasing their presence, ASOS can create an even stronger brand and loyal following.
Is Topshop and ASOS the same?
No, Topshop and ASOS are not the same. They are both very popular online fashion retail stores, but they are actually both part of a different retail group. Topshop is owned by the Arcadia Group and ASOS is owned by ASOS plc.
As well as being owned by different groups, each store stocks different items and has different brands available. Topshop is more of a high-street chain, stocking more affordable items and more casual, everyday styles.
ASOS, on the other hand, generally stocks more luxury brands and more designer products at higher prices. As a result, both stores offer different items, sell different brands, and have different pricing structures.
What happened to Oxford Street Topshop?
Oxford Street Topshop, part of the Topshop & Topman family, closed its doors on Oxford Street in London in April of 2019 after nearly 40 years of operation. The closure came as part of a restructuring of the Topshop brand in the United Kingdom, which also included selling its Kensington, London store and its Chelsea store.
Topshop announced that it planned to close 40 of its stores in order to “redefine its UK retail network. ” The closure of the Oxford Street Topshop store was particularly significant, as it was the first and original Topshop outlet in the UK.
In response to the news, the new owners of Arcadia Group, the retailer which owns Topshop, released a statement saying that they recognised the importance of the Oxford Street store, but they ultimately decided to focus “on developing a smaller portfolio of premium stores, both in shopping centres and through a leading multichannel offer.
” Topshop continued to operate its flagship stores in Birmingham, Glasgow, Leeds, and Manchester following the closure of Oxford Street.
The Oxford Street store has since been replaced by Primark, a budget clothing retailer. Visitors to the former Oxford Street Topshop store can still find some of the Topshop merchandise still on display, including shoes and makeup.
However, the brand no longer has a physical presence on Oxford Street and it is unlikely to return anytime soon.
What happened to Topshop flagship store?
The Topshop flagship store was in Oxford Circus, London and was the first store to open in the UK back in 1964. It was a huge success and continued to be a popular shopping destination until 2019. Unfortunately, Topshop announced in 2019 that the flagship store would be closing its doors after 55 years in business.
The closure was part of a restructuring effort by the parent company of Topshop, Arcadia Group. Arcadia Group cited a decrease in sales due to the rise of e-commerce as a primary factor in their decision to close the store.
The closure of the store marked the end of an era for the whole shopping district in Oxford Circus as it was a UK shopping favourite for over 5 decades. Fortunately, in 2020, Topshop reopened the flagship store in a new location.
The grand re-opening of the newly-renovated Topshop store was held in a large new complex called ‘The Coal Drops Yard’ in Kings Cross. The complex sports a variety of other clothing stores and restaurants among its attractions.
Now, customers can continue to enjoy the same experiences they had in the original flagship store, but with some serious makeovers.
Will Topshop reopen?
At this time, it is unclear when all Topshop stores will reopen. Some Topshop stores, including those in the UK, have already reopened as directed by their local governments. The guidelines, though, still require certain precautions such as social distancing, wearing masks, and regularly sanitizing the store.
For other locations, the time frame and protocols still remain uncertain. Topshop has not yet released official announcements. However, they are continually assessing and monitoring the government guidelines and restrictions and are following the recommendations of the World Health Organisation and local governments.
It’s likely that Topshop will follow the same gradual and locally-managed approach that many countries are using. This means that the reopening timeline for all stores will depend on the individual regional guidelines.
The company is also exploring creative and innovative ways to ensure the safety of their customers such as online shopping, curbside pickup, and contactless delivery.
Overall, Topshop is gradually reopening stores as government regulations are issued. Until then, the brand encourages customers to shop in-store as safely and smartly as possible.