Major Topshop announcement on shock high street return
Major Topshop announcement on shock high street return
There was a pop-up store last month which drew big queues of shoppers, and that sparked an idea
Beloved fashion retailer, Topshop, will be coming back to the high street
(Image: undefined via Getty Images )
After dipping its toe back into the world of physical retail with a pop-up event last month, Topshop is officially planning a more lasting return. The brand's managing director has confirmed that physical stores are back on the cards - with a permanent presence set to launch "at some point" in the future.
This follows the success of Topshop's pop-up shop at Defected Records in East London, which drew long lines of shoppers keen to see Topshop's revival.
After the fall of Sir Philip Green's Arcadia Group, ASOS acquired Topshop in 2021, along with Miss Selfridge, for a total of £330 million.
This deal did not include the high street shops, leading customers to turn to ASOS's online platform to buy products from these brands, reports the Mirror.
Subsequently, in September, 2024, ASOS offloaded a 75% share in Topshop and Topman to Heartland, owned by Danish billionaire Anders Holch Povlsen, for approximately £135 million, forming a joint venture. For money-saving tips, sign up to our Money newsletter here
ASOS announced its intention to reintroduce the websites, Topshop.com and Topman.com, aiming for the sites to be operational by August this year.
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In conversation with Drapers regarding the future of physical outlets, Topshop managing director Michelle Wilson said: "That's something that we're working on all the time."
She elaborated that the initial phase would involve partner support, while later plans included opening standalone stores.
Ms Wilson further disclosed that Topshop's resurgence would commence with wholesale partnerships starting this August, setting the stage for the eventual launch of independent stores.
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She revealed: "We have something planned in August to bring Topshop back into real life again, with a more semi-permanent presence than the one-day pop-up."
While no dates are locked in just yet - or where these stores will be - it's a promising sign for fans hoping to see Topshop return to the high street.
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