Investors Bet on London's Oxford Street Bouncing Back.

Oxford Street, once considered the crown jewel of Britain's retail sector, suffered a decline in visitors during the pandemic. However, there has been a steady recovery, with the number of visitors bouncing back strongly last year, particularly in the eastern section. The recovery is attributed to improved retail and leisure offerings, as well as the opening of new stores and the introduction of the Elizabeth Line. While footfall remains below pre-Covid levels, investors are showing interest in the area, and retailers are optimistic about the future of Oxford Street. [Extracted from the article]