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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Mar- 2024 -20 MarchNews
Today’s news in brief-20/3/24
UK inflation dropped to 3.4% in February 2024, surpassing economists’ expectations of 3.5%. This decline was mainly attributed to easing food inflation. The prices of bread and cereals rose slightly by 0.3% compared to a significant increase of 2.3% in the previous year, contributing to the overall decrease in food…
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20 MarchClothing & Shoes
Abercrombie & Fitch signs agreement for new Oxford St store
Abercrombie and Fitch has signed an agreement with global real estate group, Hines, that will see it open a new store on Oxford Street. The fashion retailer signed a multi-year lease on the entire retail space at 325 Oxford Street, which covers two floors in the mixed-use retail and office…
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18 MarchDepartment Stores
Saudi PIF and Kering eye Selfridges stake
Saudi Arabia’s Public Investor Fund (PIF) and Gucci owner Kering are reportedly considering a stake in luxury department store Selfridges as its co-owner continues to struggle with its financing, according to The Telegraph. The outlet said that the collapse of Austrian co-owner Signa has left Thailand’s Central Group searching for…
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6 MarchPeople Moves
Former JLP chairman Peter Lewis passes away
Peter Lewis, who served as chairman of the John Lewis Partnership from 1972 to 1993, has passed away aged 95. Lewis was the Partnership’s third chairman when he took the role in 1972, and was the son of Oswald Lewis and the nephew of John Spedan Lewis, who founded the…
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4 MarchFeatures
A history of John Lewis
In the busy British retail landscape John Lewis stands out as a high street stalwart. From its humble beginnings as a drapery shop in Victorian-era Oxford Street to its evolution into a nationwide chain of department stores, the history of John Lewis is a testament to the enduring values of…
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4 MarchSupermarkets
M&S wins Marble Arch legal battle
The High Court has ruled in favour of M&S’ redevelopment plans of its Marble Arch flagship branch, having called Michael Gove’s decision to block the plan “unlawful”. News of the outcome follows the retailer’s launched planning appeal last month. It comes after the secretary of state’s decision to reject plans…
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1 MarchNews
Today’s news in brief-1/3/24
The forthcoming £90m Oxford Street Programme is poised to generate up to £2.8bn in additional sales for London’s West End between 2027 and 2033, as indicated by the New West End Company. This initiative, supported by both public and private investments, aims to revamp Oxford Street’s public spaces, infrastructure, and…
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1 MarchNews
Oxford Street revamp to deliver £2.8bn in sales by 2033
The upcoming £90m Oxford Street Programme is set to deliver up to £2.8bn in total additional sales to the West End between 2027-2033, New West End Company has revealed. The significant public and private investment into Oxford Street’s public realm coincides with a wider evolution in mix across the street,…
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1 MarchHealth & Beauty
The Body Shop to close 75 stores and cut over 400 jobs
The Body Shop will close 75 more stores across the UK in the coming weeks, with 489 jobs set to be lost, according to administrators at FRP Advisory. The firm said it would “support all impacted staff with claims to the Redundancy Payments Service”. Some 116 stores will continue trading…
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Feb- 2024 -29 FebruaryNews
Today’s news in brief-29/2/24
UK retail destinations saw a decline in footfall by -2.2% overall for the month. The start of February was marked by rail strikes and disruptions, though footfall initially rose by +2.9%. The half-term holiday in the third week contributed to a rise in footfall of +8.3% from the previous month,…
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