Ok - so the heading got your attention but more importantly.....so why are so many shops vacant currently on Oxford Street? It seems there are many with thoughts. Most people or articles in the press I have been reading are saying it is due to the high Australian dollar (people buys their fashion goods overseas while travelling), casual spending pressures (east coast recession) and the option of on-line shopping thus eliminating the need for the once successful Oxford Street fashion drive experience. All up - it seems that people no longer need these shops.
So why did Oxford Street 'sell out' so to speak? I think the closing down of these shops will lead to more innovative operators opening up some time soon. Already in the past week I see that a wine bar (name I need to check) is close to opening and that with a reduction in rent many more potential shops will open which are not brand names. Small business needs the owner / operator in the store not in the boardroom. I look forward to more exciting shops opening. Possibly a proper brew house on Oxford Street? Boges?
No comments:
Post a Comment