Ikea’s debut in ex-Topshop flagship delayed by a year as exec calls for Oxford Street support
What: Ikea announced it is delaying the opening of its new flagship on Oxford Circus due to refurbishments.
Why it is important: The company says that Oxford Street needs to support its retailers in any way possible to remain an iconic destination.
The Ikea opening has been delayed from this autumn to next year.
The UK housing secretary, Michael Gove’s former decision to block the development of Marks & Spencer’s Marble Arch flagship on Oxford Street unnerved other retailers as the store was meant to help revive the area. Ikea was one of the supporters of the project.
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