Last week, various news outlets reported that the British fashion label’s partnership with Beijing luxury retailer ShangPin had come to an end, meaning their plans to establish 80 brick-and-mortar stores across the Chinese mainland will no longer be happening.
“[We] have reached a mutual agreement to an early termination," said Topshop in a written statement about the company’s imminent exit.
This short-lived working relationship began in 2014 when Topshop first sold its products on ShangPin.com, and later also via Tmall. Topshop’s August 9 statement said its China-based customers will still be able to make purchases via these ecommerce channels until November 30, but they’ll have to turn to Topshop.com and Topman.com thereafter.
The statement added that the company still considers China a hugely significant market for development, and is currently exploring opportunities to further grow the brands here.
[Top image via Sean Davis/Flickr]