Oxford Street
This coverage focuses on retail developments along Oxford Street, examining store openings and closures, pedestrianisation plans, investment activity, and shopper footfall trends. Reporting highlights how major retailers, landlords, and city planners respond to evolving consumer behaviour and urban regeneration — offering insight for executives, property managers, and professionals navigating strategies in London’s premier shopping corridor. For example, recent analysis shows vacancy rates dropping to 1.35 % amid flagship redevelopments like 340 Oxford Street.
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Apr- 2023 -3 AprilHigh Street
The Fragrance Shop to open flagship store on London’s Oxford Street
The Fragrance Shop has confirmed it is to open a brand new flagship global experiential store on Oxford Street later this summer. The move will mark the first time the UK independent fragrance retailer will open a flagship shop in London. The 2,300 sq ft location will feature a prominent…
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Dec- 2022 -19 DecemberDepartment Stores
Ikea UK profits fall by nearly a fifth despite £2.2bn in sales
Ikea UK has announced that its profits have fallen nearly a fifth to £49.6m, despite posting sales of £2.2bn for the full year ended 31 August 2022. The company’s total online sales grew to 36% compared to 19% in 2019. Consumers also returned to stores, with store visitation increasing by…
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Nov- 2022 -28 NovemberProperty
Oxford Street to see 1m sq ft of retail spaces converted to offices
London’s Oxford Street is set to see 1.32 million sq ft of new office schemes proposed for delivery in the next five years, in a move that has been called a “generational change” by Savills. Analysis from Savills found that the extent of potential in the conversion of former retail…
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Oct- 2022 -26 OctoberHigh Street
M&S warns it will close Oxford Street store if rebuild plans are blocked
Marks and Spencer has warned an inquiry it will close its Oxford Street location if its plans to demolish and rebuild the property are refused, according to the BBC. M&S’s scheme to rebuild the site featuring new offices, a gym and a cafe have faced opposition from campaigners who argue…
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Sep- 2022 -27 SeptemberAnalysis
Could Selfridges succeed where others have failed?
UK high streets have been on the decline for many years now, having lost 83% of all department stores nationwide in the past five years alone. Unsurprisingly, the departure of these businesses has left gaps in trade within high streets. It was reported that 50 shops a day closed their…
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20 SeptemberDepartment Stores
Selfridges’ owners eye first regional UK expansion in 20 years
Central Group Europe, Selfridge’s operating company, is said to be targeting regional cities in the UK for the first time in 20 years, according to the Financial Times. The luxury department store group currently operates from Oxford Street in London, as well as one store in Birmingham and two in…
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7 SeptemberDepartment Stores
Selfridges’ new owners to redevelop Oxford Street space
Selfridges’ new owners, Central Group and Signa Holding, have announced that a redevelopment of the “underutilised” hotel, car park and mews at Selfridges Oxford Street is being assessed to create additional value. Several store transformation programmes and new developments are ongoing in multiple countries. Central Group said that store transformation…
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Aug- 2022 -24 AugustHigh Street
Oxford St footfall up 24% as international travel begins to return
Footfall levels on London’s Oxford Street continued on an upward trajectory in July 2022, up 24% from the previous month, according to RSM UK’s analysis of the latest data from Datscha. Footfall as a whole increased 16% in July 2022, compared to the previous month. As well as London, Leeds…
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24 AugustDepartment Stores
Department stores could be given protected status
Department stores across the UK could be given protected status following a new review of high streets from Historic England. It comes as many department store units have been left empty following the collapse of such chains as BHS and Debenhams, which fell into administration in recent years, with closures…
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22 AugustNews
M&S rejects complaints for Oxford Street redevelopment
Marks and Spencer (M&S) has reportedly addressed complaints surrounding its Oxford Street redevelopment plans by pledging that 95% of the materials in the existing Marble Arch building will be recovered, recycled or reused, amid opposition to plans to flatten the shop. According to the Guardian, the retailer has promised that…
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