Famous high street brands are looking to leave their Oxford Street location because they are not attracting enough shoppers.The owners of Park House, which is home to Pandora, Swarovski, Bershka, Urban Outfitters and the flagship River Island store, said the retailers want to exit their lease “at the earliest opportunity”.
Category
🗞
NewsTranscript
00:00Famous high street brands are looking to leave their Oxford Street location because they are not attracting enough shoppers.
00:08The owners of Park House, which is home to Pandora, Swarovski, Bershka, Urban Outfitters and the flagship River Island store,
00:17said the retailers want to exit their lease at the earliest opportunity.
00:22This comes as Oxford Street goes through a £1 billion transformation
00:26after being blighted by empty units and American-style candy stores since the pandemic.
00:33Westminster councillor Patrick Lilley, deputy member for economic development,
00:38told a Westminster council planning meeting,
00:41I think Oxford Street is about to enter its new era.
00:44Allowing a premises to innovate, I think it's really helpful.
00:48Pandora said no decision has been made on leaving its Oxford Street location.
00:53The Standard also contacted River Island for comment.