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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Jun- 2022 -13 JuneEconomy
Almost 650,000 UK retail jobs lost since 2017
Almost 650,000 jobs have been lost in the UK’s retail sector over the past five years, according to new figures from a study conducted by the Centre for Retail Research. The study found that 645,204 retail jobs have been lost and 72,570 shops were closed across the whole country in…
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May- 2022 -27 MayEconomy
West End set for £80m injection over Jubilee weekend
The New West End Company, which represents 600 retail, restaurant, hotel and property owners across Bond Street, Oxford Street, Regent Street and Mayfair, said that it forecasts that sales over the Jubilee weekend (2-5 June) will hit £80m. The New West End Company, which represents 600 retail, restaurant, hotel and…
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10 MayDIY
Ikea stores to receive €3bn investment by end of next year
Ingka Group is set to accelerate its expansion by investing more than €3bn (£2.57bn) in new and existing Ikea stores by the end of next year to help make Ikea more accessible for customers. It said the investment reflects the ongoing retail transformation and the company’s “unchanged determination to get…
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6 MayClothing & Shoes
Sports Direct opens £10m Birmingham flagship
Sports Direct is opening its latest flagship store in the heart of Birmingham with a 60,000 square feet concept space that has seen an investment of over £10m. Located on New Street, Sports Direct Birmingham is set across four floors and it will be the first flagship to house USC,…
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Apr- 2022 -20 AprilNews
M&S’ Oxford Street demolition blocked by Government
Marks and Spencer’s (M&S) plans for the demolition of its Marble Arch flagship on Oxford Street has been paused by Michael Gove so that ministers can scrutinise the plans. According to the Evening Standard, the communities secretary blocked the plans using an Article 31 holding direction, meaning the local authority…
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8 AprilHigh Street
Selfridges unveils ‘shop of the future’ concept store
Selfridges has announced its new “shop of the future” concept, ‘Supermarket’, a four-week retail experiment at The Corner Shop in its Oxford Street store. By experimenting with new ideas and models, Selfridges said it “will examine future shopping habits, with the aim of opening a conversation around consumption and physical…
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4 AprilDepartment Stores
Demolition plans for M&S flagship site to be reconsidered
Sadiq Khan is reportedly reconsidering previous plans to demolish Marks and Spencer’s flagship store on Oxford Street following ongoing backlash over the decision. According to Architects Journal, City Hall officials will now review proposals to demolish the site after they initially decided “not to intervene” in the application. Simon Sturgis,…
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Mar- 2022 -31 MarchHigh Street
Oxford Street launches sustainability awareness campaign
Oxford Street has announced its new sustainability awareness campaign, Beyond Now 2022, during April, the month that the nation comes together to mark Earth Day. In its second year, Beyond Now will showcase the “ever-evolving journey that some of the UK’s brands are on to create a brighter future for…
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31 MarchHigh Street
High street footfall continues to lag behind pre-pandemic levels
Footfall levels remain 23% below pre-pandemic levels in February 2022 as rising costs are reportedly set to “batter” retailers from 1 April, according to RSM. The latest data from Datscha, analysed by RSM, shows the overall decline in footfall is the worst in London with numbers on Oxford Street down…
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30 MarchDIY
IKEA to close Tottenham store, putting 450 roles at risk
Ikea has announced the proposed closure of its Tottenham store in Edmonton, North London, placing the jobs of 450 co-workers at risk. The announcement forms part of the business’ £1bn transformation plan to further invest in London over the next three years to “better meet the needs” of its customers.…
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