DOWNTOWN — Anglophiles, get your fast fashion fix while you still can: Chicago’s Topshop store is expected to close along with the rest of the brand’s stores in the United States.
While the date of the closure has not been determined, Arcadia Group, the operator of the Topshop and Topman brands is attempting to sell off its properties in the U.S. after filing for bankruptcy.
“As part of the Group’s turnaround plan, Arcadia is also restructuring its U.S. operations in line with its strategy to deliver its U.S. retail offer through its wholesale partners and digital platform,” a May 22 press release reads. Who What Wear reports that the brand will still be available online and through Nordstrom’s website.
According to the Wall Street Journal, Arcadia cited clothing returns, online shopping and pressure to keep prices low for the shutdown of U.S. stores.
A source close to the company told Block Club the Chicago store, located at 830 N. Michigan Ave., would indeed close, but a date has not been set.
The Magnificent Mile Association would not comment on the closure or future plans for the sprawling storefront after Topshop closes.
Topshop stores in New York, California, Texas and Washington, D.C. will close as well.
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