Former BHS owner’s flagship brand sees sales plunge 11% in key year-end trading.
Topshop’s sales fell heavily over the crucial Christmas trading period, cranking up pressure on its billionaire owner Sir Philip Green as he tries to negotiate a settlement over the BHS pensions scandal.
Like-for-like sales at the fast fashion chain dropped by almost 11% over the seven-week period between Black Friday in November and the first week of the New Year, The Sunday Times understands. Overall sales at Arcadia Group.
The empire behind Topshop and older brands such as Dorothy Perkins, Evans and Wallis, are understood to have fallen by about 6.5%.