Oxford Street feels squeeze as Regent Street steams ahead

Regent Street curve night

Regent Street weathers retail crisis

The story of Regent Street is neatly encapsulated by three stores along the sweeping shopping avenue, which celebrates the 200th anniversary of its naming this year.

Exhibit one is H&M Home, which opened a 7,000 sq ft flagship store earlier this year, complete with in-store florist, café and event area. Meanwhile, Reliance Brands – owned by Asia’s richest man, Mukesh Ambani – has agreed to purchase the 259-year-old toy store chain Hamleys, securing its future, and Microsoft will open its first UK store at the top of Regent Street, at Oxford Circus, on 11 July.

These high-profile deals on Regent Street come at a time when Oxford Street has been dogged by problems facing long-term tenants including Arcadia – Miss Selfridge is to close – as well as Monsoon, Accessorize and Debenhams.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue