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 -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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29 FebruaryClothing & Shoes
Footasylum revenue jumps 7% to £320m in FY23
Footasylum has announced that its total revenue was up 7% to £320m for the financial year which ended 27 January 2024. EBITDA in FY24 for the group also jumped 38% to £22m, compared with £16m for FY23. The retailer experienced sales growth across all business channels during the year, helped…
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22 FebruaryHigh Street
Taxpayers to foot bill for Body Shop redundancies
Taxpayers are set to pay millions of pounds to laid off staff at The Body Shop as the restructuring of the collapsed chain gets underway, The Telegraph has reported. Employees who have lost their jobs have reportedly been told to make claims through the government-backed redundancy payments service, which is…
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22 FebruaryClothing & Shoes
Sports Direct launches Swiss brand On in selected stores
Sports Direct has announced the launch of On across its key stores including flagships in London, Birmingham, Manchester and its brand new Cardiff location, opening on 23 February. On has gained “significant” industry recognition and consumer popularity in recent years for its innovative technology, performance focused products and sustainable initiatives. …
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20 FebruaryHealth & Beauty
The Body Shop to reduce store estate by almost half as part of restructuring
FRP Advisory has announced that it expects keep “more than half” of the The Body Shop’s 198 store open at the end of its restructuring plans amid news it is closing seven stores today (20 February) in a bid to secure the future of the retailer. After years of unprofitability…
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14 FebruaryHigh Street
Intimissimi opens new store on Kensington High Street
Oniverse Group, formerly known as Calzedonia Group, has announced the expansion of the Intimissimi brand in the UK with the opening of a new store on Kensington High Street, West London. The new store, which is located at 123a Kensington High Street W8 5SF, joins the existing eight locations within…
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