Oxford Street news and archive

Selfridges retains title as the Best Department Store in the World

London - The Selfridges Group can rest assured once more, now that its iconic department store Selfridges has managed to retain its title as ‘the Best Department Store in the World’ for the fourth time. Selfridges was internationally recognised as the Best Department Store in the World 2018 during a ceremony held at the end of the Global...

Report

LPP lays out sales target for Reserved’s London flagship store

LPP, the parent company of Polish fast-fashion label Reserved has laid out an ambitious sales target for its UK flagship store. The company aims to generate PLN 100 million (21.2 million pounds) in sales over the next five years from its Reserved Oxford Street store, as the fast-fashion retailer continues to expand across Europe. The debut...

ManagementFeatured

American Apparel files for Chapter 11 once more

London - American Apparel has voluntarily filed for Chapter 11 bankruptcy protection in the United States once more, less than a year after it emerged from its first filing under court protection. The second bankruptcy comes as American Apparel agrees to sell its its global intellectual property rights related to the brand and certain assets to...

Retail

New Balance to open London flagship under EU retail expansion scheme

New Balance is set to expand its current European retail network and aims to open its largest European store to date in the heart of London. The US sportswear brand, which counts 60 odd stores throughout Europe, will be rolling out a series of new stores across western Europe. According to Fashionmag, the largest store will bow on Oxford Street,...

Retail

Forever 21 seeks to trim down remaining UK store portfolio

London - Fast fashion retailer Forever 21 is reportedly assessing its entire UK store estate, including its flagship store on Oxford Street, London as its continues to flounder in the country. The US retailer previous shutdown stores in Westfield Stratford City, East London, as well as locations in Manchester and Glasgow. Forever 21 is also said...

Management|REPORT

London: the #1 International Retail Market

London - Despite fears of a BREXIT, the city of London has managed to hold onto its title as the global retail powerhouse for international retailing. London beat out competition from other cities such as Hong Kong by retaining the highest presence of international retailers, making it the number one retail market in the world. London ranks as...

Report

Sports Direct acquires Oxford Street freehold for Flannels

British sportswear chain Sports Direct has acquired the freehold to a property on the corner of 161 - 167 Oxford Street and 36 Poland Street in London for the sum of 108 million pounds. The sporting goods chain, owned by billionaire Mike Ashley, is set to convert the location into a flagship store for its premium multibrand retailer Flannels....

Management

Oxford Street to welcome 26 new flagship stores by 2019

One of London’s prime retail areas, Oxford Street, is expected to welcome no less than 26 new flagship stores by the end of 2016 - further cementing the street reputation as one of the top shopping districts in the city. This new slew of flagship store openings comes after 11 retailers such as JD Sports, Matalan and Jackamo set up shop on Oxford...

Retail

New Balance aims to open debut UK store

US footwear label New Balance is set to open its debut store in the UK. Scooping out a ideal location in the heart of London's prime retail sector, the label is understood to have signed a ten year lease for the 14,000 square foot building at 287-291 Oxford Street, according to Property Week. Spanning three floors, the building is currently...