We all know Oxford Street but it looks like theres a couple of new places looking to take the lead. Regent St and Conduit St are both looking to gain significant popularity with the arrival of new and exciting retailers which have the capability of turning Regent St and Conduit St in to shopping Meccas.
Regent St most recently opened its arms to Swedish brand '& Other Stories' (of the H&M, COS group), being the only store in the UK this got people talking, like COS but with H&M price tags the store has been a great success.
And things don't seem to be quietening down at Regent St as 2013 will see the opening of the very first J Crew store outside of the US. The American brand has already established istelf as a big player after being spotted on the likes of Katie Holmes and first lady Michelle Obama, who claims its one of her favourite brands! Simple, chic, womanly silhouettes and with luxury twists on wardbrobe staples its not hard to see why the brand has done so well.
Futhermore it has been annnounced that Hackett London, who's clientele includes Prince William, have payed Ferrari around £4m to take the lease for its Regent St store, while the Crown Estate will confirm on Friday that Watches of Switzerland will next year open the UK’s largest stand-alone watch store in the new W4 development. In a time of the dying high street, it seem Regent St is doing extremely well, their rental values have more than doubled making Regent St worth £2.6bn compared to its £700m in 2002.
Dior, Bond StreetSituated of Oxford St and near Liberty is Conduit St, home to more luxury labels such as Vivienne Westwood and Belstaff. The street is looking to be galvanised by the opening of a massive Dior store. Dior opened their first store in Conduit St 60 years ago and have just signed a 10 year lease on the 3,300 sq foot store, which will span over 3 floors. Dior will pay £308,500 pa, which equates to £360 zone A, the highest rent achieved to date on the street. Being right near Bond St means that it benefits from fierce demand from luxury retailers. The new store will be in addittion to the current store on Bond St and Anthony Selwyn, the head of Central London retail, has stated that he believes the opening of this store will lead to several more luxury brands to take space in the location over the next year.
Ill be keeping a close watch on new stores coming to both Regent St and Conduit St and will definetely visit the new Dior store! If you're in London make sure to visit both, they're the place to shop at the moment, our new shopping meccas!