Three years after its initial opening in New Zealand, the Topshop and Topman New Zealand franchise business has been put into receivership.
After launching in Auckland early last year, British fashion giant Topshop expects to open its second store in the capital in early November. The store will be opening at 256 Lambton Quay, just up the way from David Jones department store on the northern end.
Infor fashion and retail industry global strategy director Bob McKee has almost 45 years’ experience working across technology and retail, 30 of which were spent in the textiles industry. Together with Infor Pacific managing director Jo-Anne Ruhl, he chatted with The Register about the inner workings of global fast fashion companies like Topshop, H&M and Zara and their effect on the global marketplace.
To mangle a Nietzsche quote, when you gaze long into the global marketplace, the global marketplace gazes also into you. Last year, New Zealand cemented its involvement in global retail by welcoming several big international retail brands. The Register editor Sarah Dunn unpicks what this meant for the industry.
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The Shop, which introduced the Zara brand to New Zealand for the first time, has temporarily shut its doors within little over a week of opening. The sign on the door says it is closed due to “unforeseen circumstances” but Milford Mall’s website says it will be reopening soon.