×
78 317
Fashion Jobs
NIKE
Senior Software Engineer ii - Business Planning & Consolidation
Permanent · Beaverton
NIKE
Special Assets – Governance Operations Senior Manager
Permanent · Beaverton
ABERCROMBIE AND FITCH CO.
Director, Digital Product Management (Remote)
Permanent · Columbus
TAPESTRY
Manager, Account Executive
Permanent · New York
JOCKEY
Merchandise Planner
Permanent · Kenosha
JOCKEY
Global Supply Chain Planning Manager
Permanent · Kenosha
SALLY BEAUTY CORPORATE
Outside Sales Representative -Cosmoprof
Permanent · Boston
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · Wichita
NORDSTROM INC
Manager - Asset Protection - Downtown Seattle Rack
Permanent · Seattle
ATHLETA
Assistant General Manager - Mall of America
Permanent · Bloomington
OLD NAVY
Assistant General Manager - Fremaux tc
Permanent · Slidell
BLOOMINGDALE'S
Registry Consultant, Full Time: 59th Street
Permanent · New York
ALICE AND OLIVIA
Business Systems Analyst – Wholesale
Permanent · New York
LEVI'S
Retention Marketing Manager - Beyond Yoga
Permanent · Culver City
LEVI'S
Senior Manager, Business Analytics - Beyond Yoga
Permanent · Culver City
LEVI'S
Senior Manager, Direct Mail Marketing - Beyond Yoga
Permanent · Culver City
RALPH LAUREN
Associate Manager Merchandise
Permanent · Bluffton
MACY'S
Manager, Business Administration
Permanent · Bay Shore
MACY'S
Asset Protection Detective, Quaker Bridge Mall - Part Time
Permanent · Lawrence Township
MACY'S
Asset Protection Detective, Dadeland - Full Time
Permanent · Miami
MACY'S
Asset Protection Detective, Garden State Plaza - Full Time
Permanent · Paramus
MACY'S
Asset Protection Detective, Gurnee Mills - Part Time
Permanent · Gurnee
Published
Apr 8, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Arcadia plans US store closures - report

Published
Apr 8, 2019

As Arcadia looks at store closures in its key UK market, the company is also planning to close a raft of stores abroad, setting the seal on the failure of its once-ambitious global expansion plan, according to reports.


Topshop



The firm’s international ops had already run into trouble with the much-publicised failure of its Australian operation in 2017 and last year’s exit from China having come at a time when other fashion retailers such as Inditex and H&M were continuing to grow abroad.

But the Sunday Telegraph reported that Arcadia boss Sir Philip Green is mulling the closure of stores in the US, Australia, Germany, Holland and Ireland. The company has 1,170 shops in 36 countries outside the UK, a large number of them department store concessions and franchises. 

The company has been in the US for a decade and in 2012 sold 25% of the American operation to investment house Leonard Green. The fact that there are still only 15 US stores suggests that the operation hasn’t achieved what had been hoped in that country.

Arcadia doesn’t break out sales by country but said in its last set of available results (for 2017) that international sales dropped by almost 20% to £241.5 million. The environment since then has only got tougher.

The Australian operation currently has only three stores (in Sydney, Melbourne and Bondi Junction) compared to the nine it previously had. The company had already closed its Japanese stores four years ago and last summer ended its Chinese franchise deal that had been signed with a view to opening a large chain in the country.

Copyright © 2022 FashionNetwork.com All rights reserved.