Oxford Street It was known as Tyburn Road through the Middle Ages when it was notorious for public hangings of prisoners in Newgate Prison. It became known as Oxford Road and then Oxford Street in the 18th century, and began to change from residential to commercial and retail purposes by the late 19th century, attracting street traders, confidence tricksters and prostitution. The first department stores in Britain opened in the early 20th century, including Selfridges, John Lewis and HMV. Unlike nearby shopping streets such as Bond Street, it has retained an element of downmarket trading alongside more prestigious retail stores. The street
Oxford Street passengers. Taxis are popular, particularly along the stretch between Oxford Circus and Selfridges. Between 2009 and 2012, there were 71 accidents involving traffic and pedestrians. In 2016, a report suggested buses generally did not travel faster than , compared to a typical pedestrian speed of . There have been several proposals to reduce congestion on Oxford Street. Horse-drawn vehicles were banned in 1931, and traffic signals were installed the same year. To prevent congestion of buses, most of Oxford Street is designated a bus lane during peak hours and private vehicles are banned. This is only open to buses, taxis