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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May- 2023 -25 MayNews
Westminster calls for landlords to end Oxford Street candy shop leases
Westminster City Council is taking its campaign against US-style candy and souvenir stores further by appealing directly to freeholders and long leaseholders to oust any tawdry tenants from their buildings. Leader of Westminster City Council, Cllr Adam Hug, has written to 19 major property groups, whose properties house 26 US…
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2 MaySport & Leisure
Footasylum to open Oxford Street flagship
Fashion streetwear and sportswear retailer, Footasylum, has announced that it will be opening a flagship store at 73-89 Oxford Street, London, as it continues its nationwide plans for expansion. The new 20,000 sq ft store will officially open in the second half of 2023, with an exact launch date yet…
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Apr- 2023 -26 AprilFeatures
Experience and experiment: the changing nature of the flagship
“Our flagship has always been at the heart of Heal’s, and is symbolic of the significant role that bricks and mortar has played in our centuries-long heritage. From the flagship, our predecessors have worked not only through evolving design and retail trends, but through key moments in modern history, having…
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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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