London department store closes its doors

The legendary 130-year-old London Fenwick department store in Bond Street is shutting its doors for good.

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LONDON DEPARTMENT STORES

The city is home to several well-known hotels, museums, art galleries, restaurants and retail stores.

London’s West End boasts a number of prestigious department stores such as Harrods, Hamleys, Fortnum & Mason, and many more.

Many of these date back hundreds of years.

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CLOSURE OF FENWICK STORE

It is indeed quite saddening to hear that one of the city’s oldest department stores will be closing its doors.

The iconic Fenwick store on Bond Street opened its doors over one hundred and thirty years ago.

Fenwick has occupied the site on Bond Street, one of the city’s most famous shopping streets, since 1891.

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SHIFT TO ONLINE SALES

The longstanding West End store will close up in an attempt to move more of the brand’s sales online.

The Bond Street site reportedly did not sell even half as much as Fenwick stores in other locations across London such as Brent Cross, Kingston upon Thames and Newcastle.

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FENWICK CLOSING DOWN SALE

The imminent closure of the store has meant there is a need to dispose of stock. Fenwick is offering up to 70 percent off items as part of a huge closing-down sale.

According to TimeOut, Fenwick’s Bond Street building has been sold to Lazari Investments for over £400 million (R 9.2 billion).

The new owners reportedly intend to turn the building into a mixed-use space with retail outlets and offices.

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