The news that Topshop has closed its four stores in Spain adds further pressure to the once-unstoppable fast fashion chain after the company’s franchised businesses in Australia and New Zealand failed earlier this year.
Topshop and Topman are linking up with the hugely popular Netflix show Stranger Things for its second series with the fashion retailer entering a “360 relationship” that takes in fashion and entertainment in its stores.
Lush is reported to be opening one of its biggest UK stores in Liverpool and will also solve the problem of a major site that has been empty since Arcadia-owned chains Dorthy Perkins and Burton moved out.
Arcadia’s loss is John Lewis’s gain. The fashion retail giant controlled by Sir Philip Green has lost its property and procurement director - with responsibility for its 3,000 stores - to employee-owned John Lewis.