Ross and John find out why Topshop has failed in Australia

British-based fashion chain Topshop has entered voluntary administration in Australia, putting the future of the stores under a cloud.

But the chain remains a profitable, big player in the UK.

Ross and John asked retail expert Steve Ogden-Barnes why.

“The retail sector in Australia has been a tough one to make work for a long time,” he said.

“Australia is still an expensive place to do business.”

He also said “the particular space Topshop occupies, which is the value/fast fashion zone” has become very crowded with the likes for Zara, H&M and Uniqlo.

Click PLAY to learn more