Topshop And Beyonc Ye Cooperation Brand Still Need To Wait.

According to the latest news from foreign media, the cooperation between British fashion brand Topshop and Nordstrom department store has achieved good results and retail sales have risen by 50%.

The global street sports apparel brand, which is co operated by Topshop and Beyonc, is in progress as planned, and is expected to be launched by the end of March next year.

But this is only a performance in the US market. Topshop boss Philip Green believes that due to abnormal weather disrupting sales mode, the brand is still tough, and consumers are becoming more and more strategically shopping.

They will buy online or simply plan more targeted shopping trips.

Topshop boss

On Wednesday, according to the annual financial performance report of his Invest-holding Company Taveta group, as of August 29th to 12 months,

Retail sales of Topshop/Topman stores in department stores grew by 50% over the same period last year.

He expects that the 94 stores in the current financial year will grow by nearly 50% in terms of space and Nordstrom.com.

Topshop has set up an independent space for its Topshop Unique and Boutique brands.

The group is the parent company of Arcadia group, and Arcadia group owns Topshop, Topman, Miss Selfridge, Dorothy Perkins and Wallis brand.

According to Taveta group's 2014-15 fiscal year's performance, its sales rose by 2% to 2 billion 70 million pounds (about 3 billion 210 million US dollars).

The group's profit was 165 million 700 thousand pounds (about 256 million 900 thousand US dollars), basically unchanged from the same period last year.

Retail sales in the United Kingdom dropped by 0.7% compared with the same period last year, while global digital sales surged by 23.9%.

The group generated cash of 328 million 100 thousand pounds (about 508 million 600 thousand US dollars), an increase of 3.6% over last year.

He said: "this is a brand new way for Topshop in Nordstrom department store.

People can understand this brand and become a destination for new products and quick replacement of new customers. "

Philip Green believes that partner Nordstrom will have significant growth potential in the future, and is expected to add additional retail space in the current fiscal year.

By region, over the past year, the number of wholly owned Topshop/Topman stores in the US has increased more than doubled, including the 40000 square foot flagship store opened in Fifth Avenue.

Globally, Topshop has also performed well in challenging parts of the market.

The group opened 34 Topshop/Topman franchises this year, including the first flagship store in Oakland and New Zealand, as well as more stores in Perth, Sydney, Australia, Vancouver and Canada.

In 2012, Topshop was planning to open its first branch in the Greater China region in Shanghai. The result was that the mainland agents and partners returned to the tug of war and failed for a variety of reasons. TOPSHOP

Now it can only be sold mainly through the Internet, which has been marginalized by the fast fashion giants.

In February this year, Topshop announced that it had closed 5 stores in Japan and was far behind its competitors in the size of its stores.