Topshop to open Fifth Avenue flagship
Location is key for Topshop's second biggest store
Coveted high street retailer Topshop is preparing to style New Yorkers with plans to open a flagship store in the bustling city. Located at the corner of Fifth Avenue and 49th Street, the planned 40,000-square-foot store will be Topshop's second biggest store, beat by London's Oxford Circus unit.
As well as the opening of the NYC store, the British retailer owned by Sir Philip Green, has plans to continue its U.S. expansion, with four stores planned for Atlanta, Washington, San Diego and Houston. Green will be investing between $40 million to $50 million in the construction and fit out of the new units.
Green revealed to WWD that the search to find the right space in Manhattan has taken time. "It's taken a couple of years, we've negotiated a few times, gone right to the altar - and then been jilted".
Topshop currently has units in Broadway, where it opened its first store in 2009, along with stores in Chicago, Las Vegas and Los Angeles. The new store will carry collections for Topshop, Topman, special collaborations and exclusive pieces.
Throughout the next six months, Topshop is set to open 15 units worldwide in eight countries including Vietnam, Russia and Turkey.