Oxford Street, known worldwide for its vibrant shopping scene, is on the brink of a significant transformation led by the Westminster Council. With the aim of breathing new life into the street and attracting more desirable businesses, the council is targeting what it considers to be “questionable candy and tat shops,” along with tourist shops and phone repair stores.
To support this revitalization effort, the council plans to invest a staggering £150 million. Part of this plan involves seeking powers to limit the growth of short-term rental properties, which often house these types of businesses.
Rachael Robathan, the leader of the council, stresses the importance of replacing the generic US-style candy stores and tourist shops with more alluring alternatives. She recognizes that empty retail units are unattractive to both residents and visitors, and she firmly believes that these shops hinder job creation opportunities within the district.
The COVID-19 pandemic has accelerated the decline of traditional brick-and-mortar retail, leading to the closure of renowned stores like Topshop, House of Fraser, Debenhams, and Gap on Oxford Street. This has created significant voids throughout the street’s landscape.
Robathan does acknowledge a few positive developments, including the recent arrival of IKEA and the upcoming opening of the Elizabeth Line. However, she warns that without intervention, the downfall of Oxford Street will persist.
The council’s plans to revitalize Oxford Street have sparked mixed reactions. While some individuals welcome the idea of removing the candy and tat shops, others argue that these establishments contribute to the area’s unique character and are a major draw for tourists. Nevertheless, it is evident that the council is determined to take action in order to rejuvenate the iconic shopping destination and secure its long-term success.
Useful Links:
1. Westminster Council’s plans for Oxford Street District
2. Official website of Oxford Street
