Traffic-Free Oxford Street Delivers Boost for Retailers
Adyen data showed transactions rose 19% in the first week, while spending value climbed 28% year over year, as the street’s traffic-free trial began.
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Traffic-free Oxford Street delivers boost for retailers
Retailers on London’s Oxford Street have seen their sales jump by nearly a fifth since the iconic shopping street was pedestrianised last month. The number of transactions at 40 Oxford Street stores jumped by 19 per cent in the first week of the scheme, compared both to the prior week and the same time last year, according to payments firm Adyen. London Mayor Sadiq Khan described the street’s pedestrianisation as a “momentous day” for the capi…
The Mayor of London argued that removing vehicles would encourage shoppers and tourists to spend more time at the site.
On London's famous Oxford Street, cars, bicycles and e-scooters are banned on almost a kilometre. The city is planning a comprehensive redesign. However, not all are enthusiastic about the changes.
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