×
33 103
Fashion Jobs
ROSS STORES
Merchandise Planner
Permanent · New York
ROSS STORES
Manager of Merchandise Planning
Permanent · New York
ROSS STORES
Buyer, Home
Permanent · New York
ROSS STORES
Buyer
Permanent · New York
UNIQLO
HR Manager
Permanent · New York
NORDSTROM
Loss Prevention Security Ambassador Long Island Rack
Permanent · Garden City
NORDSTROM INC
Loss Prevention Security Ambassador King of Prussia
Permanent · King of Prussia
NORDSTROM
Loss Prevention Agent West Oaks Rack
Permanent · Novi
NORDSTROM INC
Loss Prevention Security Ambassador Chandler Festival Rack
Permanent · Chandler
NORDSTROM INC
Operations Manager - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM INC
Loss Prevention Agent - Tysons Corner
Permanent · McLean
NORDSTROM
Loss Prevention Security Ambassador Troy Market Place Rack
Permanent · Troy
PACSUN
E-Commerce Photo Studio Manager
Permanent · Anaheim
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Grand Junction
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Conway
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Asheville
KOHLS
Full-Time Loss Prevention Officer
Permanent · Yuba City
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Las Vegas
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Waite Park
THE ESTEE LAUDER COMPANIES
Keyholder - Cosmetic Company Store - Part Time - Columbus Outlet Center - Columbus, oh
Permanent · COLUMBUS
L BRANDS
Asset Protection Officer, Broad st - 2nd Shift (3pm -11pm)
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-Alamance Crossing
Permanent · Burlington
Published
Feb 10, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Oxford Street at risk as major closures dent appeal

Published
Feb 10, 2021

Recent company failures, brand sales, strategic decisions around stores and footfall declines mean that London’s Oxford Street has a bleak future in the short term.


New West End Company



That’s according to a prediction by the body that represents retailers in the West End of London.

Debenhams will create one of the biggest holes in the street as the flagship, whose galleria concept was once a retail store trend-setter, is set to close for good next Tuesday.

Nearby, the future of Topshop’s Oxford Circus flagship remains unclear, while Gap and Next are said to be closing stores on the street and John Lewis is even transforming part of its London flagship into offices. Other  empty spaces will become apparent once non-essential stores are allowed to reopen.

While many prime sites will be taken over by new names eventually, The New West End Company told The Telegraph that at least a fifth of what was once Europe’s busiest shopping street will be “boarded up with no hope of recovery” and more than 50,000 retail and hospitality jobs will be lost when the lockdown ends.

The newspaper also quoted Local Data Company figures that showed some locations on Oxford Street had been seeing problems even before the pandemic with 80 Oxford Street holding the unwelcome distinction of having seen the greatest tenant churn. It has had 14 tenants since 2002.

Its most recent occupier was a gift shop. The figures also showed that the number of gift shops on Oxford Street rose by 71% between 2012 and 2020, often replacing fashion/clothing shops, which saw the biggest decline in representation on the premier shopping thoroughfare. Fashion’s decline has also accelerated in the last two years and the events of 2020/early 2021 are likely to speed this up still further.

There are some plus points for the street though. While central London footfall has dropped by over 80% at some points in the past year, the much-delayed Cross-Rail project should deliver tens of millions more visitors when it’s finally up and running. This should attract high-quality tenants and help the street’s regeneration. Westminster council is almost investing many millions into improving the visitor experience on Oxford Street, although decades of proposals around pedestrianisation have still not advanced.

Copyright © 2021 FashionNetwork.com All rights reserved.