SA'S Fashion Landscape Expands with the Arrival of UK Retailer, Topshop
[Johannesburg, 29 August 2012] -
Fashion retailers' expect more competition as leading UK brand prepares to hit the SA marketSouth African fashion retailers can expect more competition with the entry of British fast-fashion chain Topshop into SA later in 2012. As reported in Business Day on 31 July 2012, the rollout of Topshop will begin with the first stand-alone flagship store to be opened in Sandton City by the end of November this year, followed by a second store in Durban before year end. Edgars will also stock Topshop & Topman products in the new year, the report said.Following on from the 2011 introduction of Zara to the SA clothing market, Topshop will put even more pressure on local retailers to up their game & begin to adopt the internationally successful fast-fashion model of clothing retail. According to Nedgroup Securities analyst Syd Vianello, it is unlikely that Topshop will be the last global fashion player to set up shop in SA. “Zara started it, now comes Topshop. H&M will probably be the next one on the line. Another name that's been mentioned is New Look”, Mr Vianello said.
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