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Arcadia Group is the parent company to a number of popular fashion brands such as Topshop, Topman, Dorothy Perkins, Miss Selfridge, Burton, and Wallis. Having made a name for itself as the first UK fashion retailer to launch an online shop, the Topshop brand has been the crown jewel of Arcadia Group’s fashion empire. In the meantime, a number of design collaborations, including with Kate Moss, helped solidify Topshop’s image as the hip and stylish brand of the British high street.

Arcadia in decline

That being said, Arcadia’s financial lookout has not been great in recent years. As seen in the graph, the group’s sales went down year after year, with the financial year 2017/18 delivering the lowest results. Moreover, in their most recent annual filing the company reported an operating loss of about *** million British pounds, which revealed the depth of the financial turmoil they are currently in.

High street closures

Arcadia Group is not the only retailer struggling in the high street. Fast fashion brand New Look recently went through a similar demise, cutting down a considerable number of its UK stores. In 2018, net closures of chain stores in the UK was the highest since 2012.