Topshop/Topman to open US flagship on Fifth Avenue
Arcadia is to open the second largest Topshop and Topman flagship in the world on Fifth Avenue, New York, this autumn.
Located on the corner of 49th Street, the new 40,000 sq ft store will be adjacent to the famous Rockefeller Center in a registered building by Henry Goelet in 1931. It will be second in size only to the two retailers’ 90,000 sq ft Oxford Street store.
The new store will carry full collections for both brands, including collaborations, exclusives, mainline and full personal shopping services.
Several hundred new jobs will be created both as a result of the store opening, and the creation of a new US head office operations based in New York ahead of wider expansion.
Sir Philip Green said: “I am very excited about Fifth Avenue, having looked for a location there for many years, and I believe this corner is both hugely prominent and perfectly located for our brands. I am also delighted to be entering new markets for the first time in the other great cities.”
Four new stores will open in the country subsequently, kicking off with a 17, 500 sq ft joint store in San Diego and a 5,000 sq ft Topshop in Washington this autumn, and a 16,500 sq ft joint store in Houston and 15,500 store in Atlanta in spring 2015.
Topshop currently is available throughout the country in 42 Nordstrom stores, while Topman is in 49, with both available on Nordstrom.com.
Discussions are taking place over extending this to 52 Topshop stores, and 55 Topman this spring.
Sir Philip Green said: “Following the investment of Leonard Green & Partners in December
2012, it was always our plan to significantly expand Topshop and Topman in the USA, and
their input and expertise within this market has been very welcome.
“In addition to our flagship stores expansion, we are continually developing our topshop.com and topman.com dollar sites, and our on-going partnership with Nordstrom continues to develop.”
Arcadia plans to launch the two retailers in a further eight countries in the next six months, including
Russia, Turkey and Vietnam.