IRELAND: Topshop to shrink presence - reports
Topshop is set to shutter some Irish stores as their leases expire, according to reports.
The retailer is set to curtail leases in small market towns in favour of more central areas, the Irish Independent reported. It will not to renew three upcoming leases due to expire over the next three years, the paper claims.
In late November, the clothing retailer revealed plans to close some 250 stores over the next few years as their leases expire. The announcement came as it recorded a 37.6% drop in profit for the year ended 27 August.
A successful fashion retail strategy is now often a race against the clock, as consumers' appetites for a revolving door of apparel trends continues to grow in the era of 'fast fashion'....
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