Arcadia to launch first stores in mainland China
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A deal struck with local retailer ShangPin will see five stores open in the country, with a further 75 in the pipeline if the venture is a success. Topshop opened its first store in Hong Kong in 2013 and Green has been eying further expansion for a number of years.
The Arcadia Group chairman said the deal would “cement Topshop and Topman’s mission of becoming truly global businesses.”
He added: “For the first time both brands will deliver high fashion to the shop floor and beyond by opening full scale stores in China – host to the world’s largest growing retail economy.”
Department store House of Fraser is also poised to open its first Chinese store in Nanjing at the end of this month.
Questions & Answers
Q.Which specific brands from Arcadia Group will be opening stores in mainland China?
Which specific brands from Arcadia Group will be opening stores in mainland China?
Both Topshop and Topman will be launching full-scale stores in mainland China. This expansion is part of their mission to become truly global businesses and deliver high fashion to a new market.
Q.How many stores are initially planned for Arcadia's launch in mainland China?
How many stores are initially planned for Arcadia's launch in mainland China?
Initially, five stores are planned to open in mainland China as part of the deal with local retailer ShangPin. A further 75 stores are in the pipeline, pending the success of this initial venture.
Q.Which other UK department store is also expanding into China around the same time?
Which other UK department store is also expanding into China around the same time?
Department store House of Fraser is also poised to open its first Chinese store in Nanjing. This is expected to happen at the end of the current month, marking another UK retailer's entry into the market.