Topshop to return to high street with outlets in other retailers’ stores

Topshop is to return to the high street via other retailers’ stores, its owner Asos has announced as it played down the impact of rapidly changing tariffs and tax rules on its US sales.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.No standalone stores or concessions in bigger stores are planned at present but the company said it had not ruled that out longer term.“The time has come to become much more present with consumers in the UK and globally, said José Antonio Ramos Calamonte, Asos chief executive.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...