Jane Norman is to close its 262 Oxford street store within the next six to eight weeks as it looks for a global flagship in the area
As reported by Drapers, the retailer is looking to downsize its retail footprint within the UK and is currently in legal discussions about the Oxford Street closure.
It is not yet known which retailer is set to replace the retailer.
It is understood that the store is profitable but the retailer is thought to be looking for a larger flagship and may also close its other premises at 388 Oxford Street to concentrate on a single store.
According to Retail Week the 52-store fashion retailer is eying a 3,000 sq ft flagship in order to showcase the brand to its growing international audience.
Philip Day, chief executive of Jane Norman’s parent company Edinburgh Woollen Mill (EWM), told Drapers in June that the retailer was also looking to expand Jane Norman internationally, with plans to enter China, Japan, South Korea and India in the next two years. At present the retailer has 20 stores in the Middle East.