Agile Retail’s Post

What are your thoughts on a car-free Oxford Street? Whether you're for or against the idea, the narrative surrounding this initiative has been interesting to watch unfold. "We are fighting back to save a dying high street" is the emerging narrative, a bit of sensationalism in our opinion! Fighting back for Oxford Street is a noble and necessary endeavour, and one we can get behind, but dying? We're not so sure... There's no denying the turbulence that the high street has experienced in the last decade, but dying? Oxford Street still draws massive foot traffic and ranks among the few prime retail zones around the globe with extremely low vacancy (0.5% according to a Savills Report). From where we're standing, retail in central London is thriving. Just take a look at the Fanatics Flagship we operate, a $25 million store that has tripled projections. That doesn't sound like the high street is dying... #OxfordStreet #ThisIsOxfordStreet #HighStreet #AgileRetail #UKRetail