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Topshop to return to high street via other retailers’ stores
Fashion brand also relaunching stand-alone website as owner Asos reveals sales continue to slide
The UK online fashion specialist said it had already signed deals to sell Topshop clothing to a number of retail partners and was looking for more, but the first step to a more independent image for the brand would be the relaunch of a stand-alone Topshop.com website later this year. His comments came as the company revealed sales continued to fall rapidly – down 13% to £1.3bn in the six months to 2 March, while pre-tax losses narrowed to £241.5m from £270m a year before – amid hefty competition from rivals such as China’s Shein and Temu. The CEO said Asos, which sells goods worth about £300m a year in the US, had “the flexibility to react to whatever comes” on tariffs, as its products were made in a number of countries including Turkey, Morocco, eastern Europe and even the UK, as well as China and the Asia-Pacific region.
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