Debenhams hasn’t disappeared from the high streets quite yet. Many of the almost-100 department stores still in existence will reopen for up to 33 days from 12 April, offering deep discounts to clear stock.
As Fenwick prepares to reopen, its CEO has predicted “ a good opening, but a slow recovery as well”. Yet overall, he’s confident it's on the right track and can do well in the changed retail world of the future.
There has been widespread condemnation of the UK government’s interim review of business rates with disappointed retail bosses saying the report offers nothing new, especially on the introduction of an online sales tax.
Spanish fashion retail giant Mango is moving its London flagship store to a new Location on Oxford Street. The company said the new store will have a “Mediterranean spirit" and will be the chain’s 36th UK location.
Westminster City Council’s plan to spend £150m on Oxford Street’s regeneration has started with “spades in the ground” for some “temporary interventions that will encourage visitors back after lockdown”.
First, John Lewis unveiled plans to convert part of its Oxford Street, London flagship into office space. And now M&S is doing the same. It wants to convert the upper floors of its Oxford Street site near Marble Arch.