We've been waiting quite a while for news of what will happen to Topshop and Topman in Australia after the local franchisee went into administration. Now we know, the brands’ UK owner is still committed to the market.
Arcadia and retail technology company Rent Ant have developed a customer-facing online ordering application that has been rolled out in more than 1400 stores to bring all the benefits of digital to the physical space.
Top Australian department store Myer Holdings Ltd gave a profit warning on Thursday after a mid-year sale fizzed and efforts to revive the local arm of British chain Topshop failed, sending its shares to a record low.
Sir Philip Green has named Burberry's ex-chief merchandising officer Paul Price as CEO at the Topshop/Topman business with a remit to grow globally and expand its digital footprint. But will it also move upmarket?