The Arcadia Group is set to close down six stores in Ireland over the coming weeks and months.
This includes Topshop outlets as well as Miss Selfridge, Dorothy Perkins, Evans and Wallis in Dublin, Cork and Galway.
A number of stores in the UK will also close, affecting 520 jobs.
What are the reasons behind this, and how will it impact the high street?
Eddie Shanahan, fashion retail consultant and chairperson of the Council of Irish Fashion Designers, and Caitlin McBride, Style Editor with Independent.ie, joined us to discuss this.