Oxford’s Cornmarket boosted by Magdalen Street

December 14, 2017 by  

Trade in Oxford’s Cornmarket is being lifted by the performance of retail outlets in Magdalen Street.

Retail analyst Graham Jones works as a spokesperson for a group of local traders. Jones explained that the vibrancy of Magdalen Street is related to the buzz around its shops and eateries. This burst of economic activity has helped to drive the recovery of the Cornmarket area. Flyers from Oxford can be used to promote businesses in the vicinity.

The performance of the Cornmarket district was affected by the success of the Westgate Centre. This meant that some consumers were diverted away from the centre of Oxford. However, Magdalene Street has demonstrated its resilience. Jones told the Oxford Mail:

“If you are coming in to the city centre from North Oxford then there is a lot on offer in Magdalen Street and the surrounding area – it’s quite possible you might not visit the Westgate Centre. Five Guys opened before the Westgate and it looks like it has been busy ever since.”

The Cornmarket space was hit by the Westgate Centre as two big units became vacant. River Island and Next both left the Cornmarket for the Westgate Centre, while Lush also closed its doors.

The revival of the Cornmarket has begun with the opening of a charity store. However, Jones warned that the district must not become dependent on the third sector. This is because the bulk of customers want a varied shopping experience that includes high quality chain stores.