A popular retailer is
planned to close its Oxford Street location as part of numerous shutdowns on the famous retail street.
The store specializes in souvenirs and gifts like apparel and keychains featuring local motifs.
London
theme.
Cool Britannia operates numerous locations throughout London, with outlets at Leicester Square.
Buckingham Palace
Road and Whitehall.
There are shops located in Liverpool as well.
Edinburgh
Oxford, Canterbury, and Kent.
The information was relayed by a customer who uploaded a picture of the shop on social media.
Facebook
With “Going Out of Business” signs displayed in the windows.
He penned: “Cool Britannia in Oxford Street is having a closing down sale, which reflects on the changes occurring in our grand nation.”
The reason for the closure of Oxford Street’s Cool Britannia remains uncertain, yet statistics indicate that over two percent of the space on Europe’s most bustling shopping street is currently unoccupied.
This represents the lowest point since 2017, and it coincides with several major retail outlets warning that they may find it difficult to stay operational along this busy section of the street.
One of the most bustling shopping destinations globally is Oxford Street, attracting roughly five hundred thousand visitors daily.
Once upon paragon for shoppers akin to Paris and New York, the street has now been transformed into a mere shadow of its past glory due to the migration towards online retail and the effects of the pandemic.
earlier this year, MailOnline highlighted that the proprietors of Park House, which has been frequented by brands such as Pandora, Swarovski, Urban Outfitters, and River Island, made statements regarding the retail establishments.
eager to terminate their rental agreement on the street as soon as possible
‘.
This follows Sadiq Khan.
unveiled intentions to convert the city’s renowned shopping thoroughfare into a pedestrian-only zone within twenty-four months
To enhance the experience for shoppers, locals, employees, and visitors.
In January, it was revealed that Microsoft plans to terminate its rental agreement prematurely for its prominent location at Oxford Street.
The massive store shut down permanently last month to concentrate on expanding digitally.
As major brands like Topshop, Miss Selfridge, Dorothy Perkins, Debenhams, Oasis, and Warehouse vanished, urban centers throughout the nation ended up with vacant storefronts, leaving passersby to window shop through empty glass panes instead.
looking for their favorite brands online.
However, it’s not entirely bad news for those shopping at Oxford Street.
The much-awaited IKEA flagship store is scheduled to open on May 1st.
after a significant ecological enhancement
.
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