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Evening Standard
Evening Standard
Business
Jonathan Prynn

Is Oxford Street finally back in business?

The largest FRAKTA bag at the IKEA Oxford Street city store in London - (PA)

It is late morning on Maundy Thursday, just before the Easter holidays. A queue of about 100 excited shoppers are waiting to be let into the Chinese-owned designer toy store Pop Mart at 262 Oxford Street. Roll forward a fortnight to May 1, and yet another new retailer on “London’s high street” is also expected to draw in the crowds for its long awaited — and often delayed — West End launch. Ikea is finally opening its first genuine UK city centre store that day at 214 Oxford Street, in the building once occupied by Sir Philip Green’s Topshop flagship.

It has been a long haul. The Swedish furniture giant bought the site for £378 million in October 2021 and there have been a string of planning and construction snags, leading to multiple postponements of the opening date. But now the day is almost here.

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