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Retail NI Comments on ASOS Purchase of Topshop Brand

Retail NI Chief Executive Glyn Roberts said:

“This is a further blow to our struggling high streets and dreadful news for Topshop, Topman and Miss Selfridge staff and their families as they face an uncertain financial future. This buying of the brand, rather than the stores is a disturbing trend which has huge implications for retail and our town and city centres”

“It is not just the immediate impact of these stores closing; it is also the reduced footfall for surrounding traders that will be a direct result of this purchase by ASOS”

“Our High Streets can have a future, but it will be very different one which will be based on making them fun, family-friendly and above else, providing an experience for the shopper. Independent retailers who can provide that something different, will be a key part of the new 21st century high street”