Selfridges has dropped plans to develop a string of regional stores.
The new owner, Galen Weston, the Canadian billionaire who bought the group for £628m in July, wants investment to be concentrated on the flagship outlet in Oxford Street.
Selfridges has scrapped plans to open a store in Bristol.
It will continue to investigate the markets in Newcastle-upon-Tyne and Leeds, but any developments are unlikely.
Selfridges has two opened two outlets in Manchester and Birmingham. It has also bought a site for development in Glasgow where it plans another outlet.
References: Financial Times 28/10/03 page 25
