Topshop Looking to Take More of Manhattan
it be that "fast fashion" Topshop represents another example
where British retailing just doesn’t cut it in the U.S.? The retailer claims
it is doing quite well, thank you, but there are plenty of critics to go
around about its merchandise, pricing and store design.
that being said, the New York Observer reports that Topshop owner
Sir Philip Green is scouting Manhattan for two new locations to add to
the recently opened flagship in Soho.
store has gotten generally high grades from shoppers for its merchandise
although some question price points that are said to be on the steep side.
New Yorkers have been hard hit with the fallout of the banking crisis and
problems on Wall Street and spending $100 on a basic blue blazer, as the Observer reports,
is going to be a tough sell in the current environment.
Sir Green is looking to find two spaces of 50,000 square-feet each to open
have not let up," Faith Hope Consolo, chair
of retail leasing and sales for Prudential Douglas Elliman,
told the Observer. "Their plan was always to have at least
a dozen stores in the tristate area, but the
concentration is three in Manhattan."
Are criticisms of Topshop’s merchandise, visual
merchandising and pricing legitimate? Are there changes it will need
to make based on the economy, American consumer preferences, etc. to
be successful in the U.S.?
Browses for More Duds – New
- Topshop Fans Cause Puffin Room Gallery
Owner to Snap, Post Uncharitable Signs – Racked
- IM Rant: I Just Don’t
Get Topshop – Racked