Topshop Parent Company Will Open Its First Store In Germany In November.

Topshop parent Arcadia Group Ltd. announced that it will enter Germany in November to open its first store.

Topshop the first German store will be set up in Galeria Kaufhof department store, Alexander Alexanderplatz Plaza, Berlin, with an area of 14000 square feet, which opened in November 17th, while the second will be located in CentrO, Oberhausen Oberhausen. Shopping The center has an area of 12000 square feet and opened in November 24th.

In addition to the above two stores, Arcadia Group Ltd. said it will continue in Germany in 2017. market Expansion, but did not elaborate on specific plans.

Before, Arcadia Group Ltd. and Europe's largest online. fashion The retailer Zalando AG (ZALG.DE) Co operates with the Topshop and Topman brands of the latter platform sales group. The trial of water through the electricity supplier has also become the main strategy for Topshop and Topman to enter other markets except the United States, including China. However, the group's entry into China seems remote.

The UK high street market is currently facing a shrinking dilemma, and Arcadia Group Ltd. is also not immune.

According to the data, under the double pressure of fierce competition and economic downturn, Arcadia Group Ltd. Ltd. recorded a 5.5% profit growth in the 2015 fiscal year ended August 29, 2015, but profits mainly benefited from the sale of loss department store BHS, while the latter now gave Arcadia Group Ltd. and its founder Philip Green Philip Green a trouble. Philip Green once again became a public enemy in Britain, and was under investigation by Congress to commit a black box operation.

Sales of Arcadia Group Ltd. 2015 were rather weak in the financial year of the year when fish and eggs were recorded for profit growth. The group's total sales in fiscal 2015 totaled 2 billion 69 million 300 thousand pounds, up 1.8% from the previous year's 2 billion 32 million. During the period, the group's overall sales in the same store recorded a 0.7% decline, of which retail sales in the same store in the United Kingdom dropped by 0.9% compared to the same period last year, while in the 10 week of the 2016 new financial year ending in the 2015 fiscal year to the end of November 2015, the group's overall sales decline further expanded to 2.3%.

Under the sluggish sales, Arcadia Group Ltd. recorded an increase of 23.9% in fiscal year 2015, and its performance was excellent. Therefore, Arcadia Group Ltd. launched the "Buy Now, Pay Later" project, which is expected to continue to stimulate the growth of the business. The company did not disclose the current proportion of electricity supplier business, but at present, the majority of the public retail business company's electricity supplier target share is 20%.

In the middle of this month, in order to cater to young consumers, Arcadia Group Ltd. joined the financial technology service company Klarna to launch the "Buy Now, Pay Later" project. Consumers can enjoy the interest free payment business within three months when consumers purchase e-commerce platform under Arcadia Group Ltd..