Skip to content
Monday 27 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,809.97
+0.69%
DAX
25,513.02
+1.65%
CAC 40
8,455.17
+0.99%
STOXX 50
6,369.52
+1.41%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Thursday 11 March 2021 2:15 pm  |  Updated:  Thursday 11 March 2021 2:28 pm

Oxford Street: This is what the UK’s shopping destination could look like after lockdown

By: Jessica Clark

Add as a preferred source on Google
oxford street
Oxford Street has been largely abandoned during the pandemic due to restrictions on non-essential stores - but local authorities and businesses are hoping to reinvigorate the area

Oxford Street – the world famous shopping destination that attracts millions of Londoners and tourists every year – is set to look drastically different when the city emerges from the latest coronavirus lockdown.

An arts centre, 25 metre artificial hill and play areas in bus lanes are among the ideas that have been floated to fill unwanted retail space and tempt visitors back to the capital’s high street.

Swapping shops for galleries?

debenhams oxford street
Debenhams closed down last year – but local councillors are pushing for it to become a new arts centre

Debenhams’ seven-story department store will be left vacant after the retailer entered liquidation last year. Westminster Labour have put forward plans to transform the store – which has 400,000 sq ft of retail space – into an arts centre. 

Proposals published by the local councillors suggested the former high street store could house artist studios, a public library, galleries, events space and a roof garden, to attract visitors to Oxford Street for reasons other than shopping.

However plans are yet to be put forward for the former Topshop flagship store, which once attracted hoards of fashion forward teenagers.

It will now stand empty after its parent company Arcadia collapsed under the pressure of the pandemic.

Offices above stores

While they will survive the pandemic’s impact on trading, many household name retailers are planning to shrink their retail footprint in recognition of the accelerated shift to online shopping.

Earlier this week, Marks & Spencer said it is consulting on plans to redevelop its Marble Arch store to reduce the amount of floorspace given over to retail, with office space set to take over its top floors. 

John Lewis, which this morning revealed it will not reopen some stores after lockdown as its losses mounted to £517m, has previously said it will replace some retail space in its Oxford Street flagship department store with offices.

Jace Tyrrell, chief executive of New West End Company, which represents 600 businesses in the area, said the M&S redevelopment is an “excellent example of the forward-thinking and innovative strategies that are shaping the future of the Oxford Street district”.

“Responding to changing customer demands, the investment highlights the confidence of brands and business in a strong future for the nation’s high street as it evolves to bounce back strongly”, he said.

Read more

Brits dodge the high street as heatwave boosts online shopping

Shoppers carrying various retail bags, including New Look and M&S Food, on a paved street, indicating retail sales activity.

Trees, seats and bus stop “pocket parks”

Westminster Council has begun work on public realm improvements

Westminster Council, meanwhile, has begun work to improve facilities in the shopping district, with an increase in seating areas, plants and trees. 

It is also planning to consolidate bus bays to make space for “pocket parks” with play areas and lighting installations in an attempt to lure back visitors and help businesses bounce back.

Rachael Robathan, leader of Westminster Council, said it is “critical that we act urgently to restore confidence in the nation’s favourite shopping district”.

“The pandemic has been a hammer blow for retailers and Oxford Street has suffered as much or more than any other high street in the country,” she said.

Robathan added: “These initial measures, which should be completed in time for summer, will literally pave the way for an economic recovery. They will create a new visitor-friendly environment and reinforce the area as one of the best places in the world to live, work, shop and visit.”

Bringing Hyde Park to Marble Arch

The council has also cooked up a proposal for a new “Marble Arch Hill”, which would be a 25 metre temporary visitor transaction to encourage visitors to the area.

It could support millions of pounds in incremental spending across the local economy, councillors said.

We hope it will give people an opportunity to look afresh and with wonder at this well known, but sadly increasingly overlooked, area to recognise its beauty and importance,” Robathan said.

“We want visitors to appreciate the wider context of this iconic location and its close connections to Oxford Street and Hyde Park, as well as other key destinations in the West End and beyond.”


Read more

Social media ban driving ‘screen-free’ sales, The Works boss says

Gavin Peck (right) cuts a yellow ribbon with a man next to him, celebrating the StoryBus launch.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Property
  • Retail

Trending Articles

  • Wise denied US banking licence in blow to expansion plans

  • Scotland’s tax hike may have backfired as receipt falls

  • Housebuilder hits a wall: How did Vistry become the UK’s most shorted stock?

  • FTSE 100 Live: Stocks rise; oil falls after Trump pauses Iran strikes

  • Bank regulation, not austerity, explains why Britain is poorer than America 

More from City PM

  • Brits dodge the high street as heatwave boosts online shopping

    Retail
    Shoppers carrying various retail bags, including New Look and M&S Food, on a paved street, indicating retail sales activity.
  • Social media ban driving ‘screen-free’ sales, The Works boss says

    Retail
    Gavin Peck (right) cuts a yellow ribbon with a man next to him, celebrating the StoryBus launch.
  • Heatwave slows retail sales but World Cup boosts online shopping

    Retail
    Scorching sun over urban skyline during intense heatwave, highlighting climate change impact on city infrastructure.
  • Burnham urged to go further to fix ‘broken’ business rates

    Retail
    Burnham cityscape at sunset with historic buildings and bustling streets, highlighting the vibrant urban landscape
  • Modon Holding and Nammos Hotels & Resorts Bring Nammos Ras El Hekma to Egypt’s North Coast

    Business Wire
  • Warehouse tax could threaten high street businesses, Burnham warned

    Retail
    Amazon logo on a building, representing the e-commerce giants brand and corporate presence.
  • Frasers slams ‘nonsense rumours’ over Harvey Nichols bid

    Retail
    Michael Murray addressing the audience at a business conference, wearing a tailored suit and speaking at a podium with a m...
  • Ocado boss Steiner ‘energised about future’ despite succession battle

    Retail
    Business professionals discussing market trends at a conference table, analyzing data on laptops and charts, emphasizing t...
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook