Topshop plans to close all 11 of its US stores after parent company filed for bankruptcy protection. Arcadia Group, the London-based owner of fast-fashion chain Topshop Topman, said it was facing "unprecedented" market conditions in the retail sector according to CNN.

Online competition became the main reason for Arcadia Group, the owner of Topshop/ Topmen’s decision. Topshop has enjoyed global success for decade now and did collaborations with a number of artists and celebrities. But its owner has been no stranger to controversy such as labour abuses, unfair wages paid to garment workers and poor working conditions.