Topshop, the famed British high street store which opened its New York flagship less than two years ago, is expanding to Chicago, according to WWD. Retailer Sir Philip Green is said to be putting down an estimated $10 to $15 million to the launch a Michigan Avenue outpost.
Stores in Los Angeles, Las Vegas, and San Francisco aren’t too far down the line, says Green. And each will be tailored to the city’s consumer. So in Chicago, the selection will be determined by the cold winters, hot summers, and a more conservative clientele.
But will Topshop succeed anywhere in the US other than tourist-ridden New York? We’re not so sure. Here’s why:
- Clothes from Topshop are expensive, considering the quality. In the UK, Topshop is fairly cheap. But instead of fixing the US price to the current exchange rate, Topshop tends to simply double it. Which means that a 50 pound dress in the UK is usually more like $95 or $100 in the US.
- In New York, Topshop relies on tourists. While Chicago’s got plenty of those, nothing compares to lower Broadway in Manhattan.
- Forever 21 and H&M are tough competition, particularly outside of Manhattan. Why would someone who typically buys their party dresses for $30 at Forever 21 begin to spend triple that at Topshop for not much greater quality?
Now please, please don’t take this as a “Chicagoans aren’t chic enough for Topshop” argument. We just think that they’re too smart for Topshop. (As are New Yorkers–it’s the tourists who are keeping that store alive.) Until Topshop lowers its prices, Green’s going to find the US market a major struggle.
Tags: TopShop






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So true. I lived in London for 4 years and shopped there all the time. Since it came to NY I have not purchased one thing. The price is way too high for the fabric and quality.
Same here!
Same here!
Newsflash.. it’s still quite expensive in the UK.. compared to H&M, Zara and Mango..
I lived in London for two years and it’s definitely on par with Zara and Mango. H&M is cheaper.
I am British and have lived in London for years and I think topshop UK has definitely got pricier of recent years… . They certainly used to be on par with zara and mango, and most of their basic stuff still is, but they seem to have decided that any sort of trend-piece can demand a higher pricepoint. The difference is, even if it is slightly pricier, it is not yet on par with what they are charging the US customer. It seems to be a trend that when a foreign import goes to a big city, they can charge pretty much what they want as, like you said, the tourists will pay it. In London, we got Abercrombie a few years ago and the prices in there are sky-high. They seem to just keep the same price but chuck a £ sign on there, so a $60 top becomes £60. I totally agree with your point and I don’t think this approach will work outside of tourist hotspots.
I love the idea of Topshop in Chicago, but if the prices are going to be that expensive, I’ll just go to Zara or Akira.
I’ll go for it!
I’ll certainly enjoy heading in to see what they’ve got, but I think Zara is going to give Topshop a serious run for their money here (for the reasons mentioned in the story)….
but, I will note that while we don’t have the same tourist industry as new york, chicago has a huge suburban population, many of those suburbs are pretty wealthy, and there are a TON of teenage girls that spend their weekends at the MI Ave outposts of these stores.
yeah, but they can get three dresses at H&M for the price of one at Topshop. And Long Island has plenty of those wealthy suburbanites too.
Doesn’t Zara have the same Euro vs. American pricing issue? All I’ve heard is how much cheaper their stuff is across the pond
Finally some criticism of topshop! I feel like all of the fashion bloggers are so obsessed that they’ve turned blind to the high prices and poor quality. F21 for the win
“the selection will be determined BY? the cold winters, hot summers, and more conservative clientele.”
It will be very appropriate for Michigan Ave. The wealthy surburbanites, as Imotin stated above, will eat it up.
I’ve only been in Topshop once to see what all the fuss was about. After 5 minutes of looking and feeling the merchandise, my conclusion was that Topshop is crap.
The retail market is so saturated with the middle (H&M, Mango, Zara, F21, ) that we have millions of impressionable people looking like Pete Wentz.
I love Chicago and its people. Please save your money and buy something nice on Oak street instead.
http://www.superheroes-r-us.com/wp-content/uploads/2009/05/ferris-buellers-day-off-282.jpg
Have you ever met a wealthy suburbanite? They hate spending money on clothes.
I was a personal shopper for several ladies and their daughters in Kenilworth and Northbrook. I lived close to Blake and Ikram so it was fun trying to persuade these women to try Belgium/Japanese avant- garde. The difference was that the professor at University of Chicago was more open-minded than the lady who lunched.
In the end, whether they hated spending money on clothes or not, they had no problem giving me money to spend for them.
I’m sure that’s true, but it doesn’t diminish the fact that clothes at TS are not worth their price. I have no doubt many of these girls will wear Jason wu and Chris Benz to prom. But when it comes to buying some cheap thing at F21 and some cheap, pricier thing at TS, I just don’t think enough of them will choose TS for it to be a worthwhile venture for Green. He won’t disclose the New York store’s sales, and that’s because they’re arguably not as strong as he’d like them to be. This has to do with him wanting to conquer the American market. Maybe he’ll eventually succeed but not for awhile.
Lauren Sherman
646.241.3902
You made your point.
Tay Trong
312-213-1213
hahahaah I didn’t mean to post my mobile!
yea, I was like, does she want me to text her grammar/spelling errors?
yea, I was like, does she want me to text her grammar/spelling errors?
No, but the cache of topshop (valid or not – not imo, given the prices) will get over with these girls for at least a season – all they know is kate moss was affiliated and we haven’t had ready access in Chicago till now.
I was a personal shopper for several ladies and their daughters in Kenilworth and Northbrook. I lived close to Blake and Ikram so it was fun trying to persuade these women to try Belgium/Japanese avant- garde. The difference was that the professor at University of Chicago was more open-minded than the lady who lunched.
In the end, whether they hated spending money on clothes or not, they had no problem giving me money to spend for them.
I love the things that Topshop has on their website because of the styling – it’s an edgier aesthetic than fashion in the US. If they’re going to tailor their wares to the Chicago clientele – I doubt I’d find anything interesting because it’ll just be a rehash of other mass-market retailers. I’ve yet to buy anything just because I can’t quite stomach the prices for what seems like H&M and F21 quality – and nothing I’ve seen or read on blogs or here have convinced me otherwise. I agree with everyone here – I think that it’s not going to be a great success in Chicago just because there are so many other retailers aimed at the same market but with a lower price point.
Topshop in Chicago will only work if they lower their prices. As they should. Quality is same as f21 and h&m, yet triple the price. Consumers are not morons.
I live in Paris and every time I travel to London, my friends or colleagues ask me to go to Top Shop and get them this or that. I never understood their attraction to TS as the price does not justify the quality. Maybe it’s because they don’t have TS in Paris. The only things I’ve ever bought for myself from there are frilly 50s-style undies and a beaded bolero, marked down to $80 from $200+, from the NYC store. Voila.
But Oak Street has suffered a turn for the worse lately with many vacancies. Hermes is now in barneys old spot which should help but the landlords need to get real on pricing if they expect the upscale private boutiques to return. There are several new shopping streets that have gained traction in the city and they are far west from Oak street.
I could care less what has happened on Oak. All I can afford is the matinee at the movie theatre on that street. Or did that close down too?
The Esquire? That closed down a loooooooooong time ago! Sometime in 2006.. but I hear a trader recently bought it sometime in July..no clue on what he plans on doing with it. http://chicagobreakingbusiness.com/2010/07/merc-trader-buys-shuttered-esquire-theater.html
thanks for the update. It seems like you are on the up-and-up about Chicago retail business.
Can you tell me what has happened, retail-wise, in the area surrounding North/Damen/Milwaukee/Division aves?
Chicago is not the city it once was, and it no longer holds a glittering allure of fabulous shopping, experiences of days past. Even though I’m young, I remember the stories that my grandmother would tell me about the “heyday” of State Street with Marshall Field’s and Carson Pirie Scott, of North Michigan Avenue with the Water Tower w/ Lord & Taylor, the Chanel boutique, MaxMara, etc, and all of the grand shopping on Oak. Of course, some of the stores are still there, but the magic is largely gone.
You’re right Ian. When I first went into Marshall Field’s on State, it seemed very magical to me, a throwback to a time when people got really dressed up to go have dinner and families would plan a special trip to see the Christmas windows.
I am a chicagoan and I am not sure if Chicago will react well to Topshop because Chicago is already obsessed with a local store called Akira. Akira is similar to Forever 21 with its inexpensive “going out” wear, but it also has a higher end selection of well known designers, such as Betsy Johnson and Seven Jeans. Since Topshop has picked Water Tower Place to launch its first store I think people will at least be initially excited about it, but when they actually see the prices they will be less than thrilled. This was my reaction when I visited the Topshop in NYC… and did not purchase anything.
…it’s not in Water Tower. It’s going to take over Borders once their lease is up at the end of this year..at Pearson/Michigan down from H&M across from Water Tower.
I don’t see what the fuss about price is.. to be honest. Pricing I’ve seen online on TOPSHOP/TOPMAN is about on par with that of Zara.